rcm under rs.5000
Shail Shah (Student CA Final ) (142 Points)
12 July 2017
is possible to give contract to an unregistered dealer for rs.1825000and break it into daily invoice of rs. 5000?
4 Replies
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 12 July 2017
It is possilble.
But keep in mind that Rs 5000/- limit is for a single day for all unregd dealers.(Not one dealer per day)
Secondly, when you fill the return and fill the details at month end, it might create doubt.
Shail Shah
(Student CA Final )
(142 Points)
Replied 12 July 2017
ya i know that the limit of 5000 is in total. so how it will create doubt? because it is nowhere mentioned or prohibit sucb thing? so is it any other suitable way to bifurcate such contract to claim exsmption
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