RCM if UND Vendor repeats many times with less than 5k per transation, Goods and Services Tax - GST

[RameshBabu Kari]

Dear Experts,

If we purchase from UNR person, received a bill for ₹ 4000, same day there was no others unregistered supplies made on that particular day. and another day he raised bill for 4500, same day no other transaction was made. like this he raised bill overal in a month amounts to ₹ 35,000/-. Does this transaction attracts RCM on consolidated basis on vendor wise on month end/week end basis ?

Posts / Replies

[HimansuSekhar Sha]

The transaction if less than ₹ 5000/- per day, no GST

[KASTURI SETHI]

The sword of GST liability is on receiver.

[CA.Tarun Agarwalla]

It is true that it is out if tax net.

However payment voucher to be prepared .