RCM if UND Vendor repeats many times with less than 5k per transation

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..... RCM if UND Vendor repeats many times with less than 5k per transation
Query (Issue) Started By: - RameshBabu Kari Dated:- 1-8-2017 Last Reply Date:- 4-9-2017 Goods and Services Tax - GST
Got 3 .....

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..... Replies
GST
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 ra .....

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..... ised 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 w .....

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..... ise on month end/week end basis ? Reply By HimansuSekhar Sha: The Reply: The transaction if less than ₹ 5000/- per day, no GST Reply By KASTURI SETHI: The Reply: The sword of GST liability i .....

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..... s on receiver. Reply By CA.Tarun Agarwalla: The Reply: It is true that it is out if tax net. However payment voucher to be prepared .
Discussion Forum - Knowledge Sharing .....

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