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Rs. 5000/- exemption

30 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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28 Replies

Ravi Gupta (tax consultant) (38 Points)
Replied 30 September 2017

Aggregate

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (183048 Points)
Replied 30 September 2017

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

(Guest)

total shoul not more than 5000/- per day

no matter purchase from any one

1 Like

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 30 September 2017

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...

1 Like

Shyam (New Delhi) (86 Points)
Replied 30 September 2017

if 5k daily become 150k monthly purchase then how to and where file it in 3B and GSTR 1

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Shyam (New Delhi) (86 Points)
Replied 30 September 2017

and GSTR 2 as well

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 30 September 2017

No need Anywhere...!

Shyam (New Delhi) (86 Points)
Replied 30 September 2017

then, if sales is to registered dealer then only sales will be filed. any objection or query from GST officer later on

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 30 September 2017

No need objection. Bcoz, the rules and laws are their hand...
Then why he ask...?

Sonu Kr. Gupta (Student) (48 Points)
Replied 01 October 2017

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???