Rs. 5000/- exemption

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25 Points Joined September 2017
Dear all,
The provision to purchase Rs. 5000/- goods from a unregistered vender by a registered vender without considering RCM is applicable as Rs. 5000/- each for different unregistered venders or aggregate Rs. 5000/- from all unregistered venders in a day.
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On 30 September 2017 at 21:06 Report
Replies (28)
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tax consultant
38 Points Joined January 2012
Aggregate
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On 30 September 2017 at 21:14
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SEO Sai Gr. Hosp.
209862 Points Joined July 2016

Aggregate Rs. 5000/- from all unregistered vendors in a day.
 

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On 30 September 2017 at 21:15
Guest

total shoul not more than 5000/- per day 

no matter purchase from any one 

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On 30 September 2017 at 21:15
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"Do the Right Thing...!!!"
128121 Points Joined January 2015
The 5k ceiling limit is your all expenses/inwards in one day received from Unregistered Dealer... If it's Cash or Bank and Cash & Bank...
Just meaning of URD inwards...
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On 30 September 2017 at 21:23
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New Delhi
86 Points Joined March 2009
if 5k daily become 150k monthly purchase then how to and where file it in 3B and GSTR 1
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On 30 September 2017 at 21:26
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New Delhi
86 Points Joined March 2009
and GSTR 2 as well
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On 30 September 2017 at 21:27
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"Do the Right Thing...!!!"
128121 Points Joined January 2015
No need Anywhere...!
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On 30 September 2017 at 21:51
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New Delhi
86 Points Joined March 2009
then, if sales is to registered dealer then only sales will be filed. any objection or query from GST officer later on
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On 30 September 2017 at 21:53
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"Do the Right Thing...!!!"
128121 Points Joined January 2015
No need objection. Bcoz, the rules and laws are their hand...
Then why he ask...?
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On 30 September 2017 at 21:57
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Student
48 Points Joined November 2012

if I buy goods Rs.5000/- in a day from unregistered party then RCM not applicable but if I sell those goods then I have to charge GST on sale of those goods from customers or not???

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On 01 October 2017 at 22:10
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"Do the Right Thing...!!!"
128121 Points Joined January 2015
You just add profit and Tax that's all
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On 01 October 2017 at 22:13
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Student
48 Points Joined November 2012

u mean, I have charge tax on those goods and pay to the govt?

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On 01 October 2017 at 22:15
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Chartered Accountant
86505 Points Joined April 2011
Yes you have to charge GST in invoice & same is required to paid by you.
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On 01 October 2017 at 22:18
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"Do the Right Thing...!!!"
128121 Points Joined January 2015
Yes Exactly.
You charge GST on that goods and Collect then pay to govt after your adjustments...
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On 01 October 2017 at 22:20


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