My question is that...
As per notification, upto 5000 per day exemption is given in respect of supplies received from unregistered dealer.
Bit it exceeds 5000, then what amount is taxable under RCM.
Filmy Mast (26 Points)
07 July 2017
Vineet Kumar
(Advocate)
(31 Points)
Replied 07 July 2017
If amount exceet 5000, tax will be applicable on excess amount for example
total amout paid 6000 then you will pay tax on only 6000-5000= 1000 only.
Vipul Maheshwari
(Goods and Services Tax Consultant)
(208 Points)
Replied 07 July 2017
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