banner_ad

Reverse charge monetary limit

RCM 277 views 3 replies
1) Is there any monetary limit for reverse charge in GST. As earlier understood for any expense daily limit of Rs. 5000/- from single unregistered supplier

2) If no, Whether small amount of Gta bills required to be paid under reverse charge if they are not paying 6% or above gst to govt.
Replies (3)
5000 is per day not per day per supplier.
you have to pay gst on gta without any limit if gta is not paying 6%
1. the 5000/- limit you talking about is of Inward supply From URD cover under 9(4) which is being defferred to till 30/09/2019 (by noti.22/2018 CT)

2. The Inward supply from GTA cover under 9(3) & RCM is applicable on same & the limit is precribe for the same 750/- per bilty

GTA charging 12% GST:
Forward Charge @ 12% availing ITC – Notification No. 20/2017 – Central Tax (Rate) , Hence the recepient is not liable to do RCM , infact avail iTC on same
Follow Pankaj Sir's explanation...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details