RCM ON FRIGHT
Tarun Singhal (151 Points)
28 August 2017but i want to know that on which amount i have to pay means the fright receipts of above 5000 rupees in a day or above 750 rupees in a day or the total amount of total receipts
Tarun Singhal (151 Points)
28 August 2017
Kaushik Deepak (KD)
(Officer Accountant)
(1136 Points)
Replied 28 August 2017
Concept of Rs. 5000/-:- In case of Purchases upto Rs. 5,000 per day from unregistered suppliers NOT GTA
goods, where consideration charged for the transportation of goods on a consignment transported in a single carriage is less than Rs. 1,500 goods,
where consideration charged for transportation of all such goods for a single consignee does not exceed Rs. 750.
RAMESH D MODI
(Proprietor)
(4869 Points)
Replied 28 August 2017