Rcm exemption for rs 5000/-
Page no : 2
Arun Jadhav
(Sr. Accountant)
(6 Points)
Replied 06 July 2017
But Sir, there is no any notification or communication given in GST.
jayesh
(accountant)
(361 Points)
Replied 06 July 2017
my purchase is rs.6000/- in a day from urd, detail is under
0% or nil tax item rs.4000/-
other than 0% or nil tax 2000/-
in this case gst is applicable or not
Arun Jadhav
(Sr. Accountant)
(6 Points)
Replied 07 July 2017
Amount paid to employee as outstation allowance for food, travelling & other expenses when he was work outstation
such allowance taxable under GST and also cover under RCM
Arun Jadhav
(Sr. Accountant)
(6 Points)
Replied 07 July 2017
Amount paid to employee as outstation allowance for food, travelling & other expenses when he was work outstation
such allowance taxable under GST and also cover under RCM
Panneerselvam
(Accounts Officer)
(66 Points)
Replied 11 July 2017
Anybody give GST notification on Rs.5000/- limit for daily purchase.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 11 July 2017
Please find the Notification:
Attached File : 1316073 20170711182435 exemption from reverse charge upto rs5000 per day cgst.pdf downloaded: 413 times
pavazh
(Cost Accountant)
(68 Points)
Replied 26 July 2017
yes u can avail if its used for furtherence of ur business
Rajesh m shetty
(Assistant)
(23 Points)
Replied 01 August 2017
Hi ,
Can any body tell me that i have sent material out staion by GTA. GTA raised bill of rs 600 is RCM applicable on above bill.
Teerth
(Article Assitant)
(20 Points)
Replied 08 August 2017
Sir,
No GST will be paid under RCM in your case.
Note: Milk is exempted from GST levy (Nil rate)
Prakyath Shetty
(Article Assistant)
(70 Points)
Replied 12 August 2017
Sir, Can you Quote notification no.?
Prakyath Shetty
(Article Assistant)
(70 Points)
Replied 12 August 2017
will Rs.5000/day limit computation includes value of exempt supplies from an unregistered supplier to registered supplier?
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 12 August 2017
| Originally posted by : Prakyath Shetty | ||
 |
will Rs.5000/day limit computation includes value of exempt supplies from an unregistered supplier to registered supplier? |  |
If the value is 0, then under RCM also tax to be paid is 0.
So it can be concluded that Its only for taxable supplies.
Ashok
(Article Assistant)
(38 Points)
Replied 17 August 2017
Yes,you can take ITC paid on RCM while filing return on following month.
Chandra prakash mahur
(working with khator fibre and fabric ltd )
(23 Points)
Replied 17 August 2017
Yes you can take ITC of tax paid on purchase from unregistered dealer u/s 9 (4 )
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