If Per day payment is below 5000, Bill is 6000, is RCM applicable?

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..... If Per day payment is below 5000, Bill is 6000, is RCM applicable? - Reply By RAMESH PRAJAPATI - The Reply = If purchase bill is for ₹ 6000/- raised by unregistered dealer, then RCM is payable .....

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..... . - Reply By KASTURI SETHI - The Reply = Dear Querist, If any unregistered person bills ₹ 6000/- but payment is below ₹ 5000/- per day, it will be treated as modus operand .....

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..... i to avoid GST. - Reply By KASTURI SETHI - The Reply = In my view there is no such restriction. Cash has to be deposited against the invoice under RCM. Credit can be claimed same month. It doesn' .....

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..... ;t mean there is bar for future availment of ITC. When you pay cash against RCM invoice, there is no sword on assessee. - If Per day payment is below 5000, Bill is 6000, is RCM applicable? - Query S .....

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..... tarted By: - RameshBabu Kari Dated:- 29-8-2017 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Ind .....

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..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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