Expenses Limit ₹ 5000/-, Goods and Services Tax - GST

[Davinder Singh]

Dear Sr,

Kindly share the above limit TO BE ALLOWED WITHOUT GST REVERSE CHARGE CAN BE BOOK AS EXPENSES. WHAT IS THE CONDITION for THE LIMIT e.i. ALL EXPENSES PER DAY OR ONE EXPENSES PER DAY OR ONLY APPLIED ON CASH EXPENSES OR CREDIT EXPENSES,

KINDLY REVERT

Posts / Replies

[HimansuSekhar Sha]

Entire expenses per day from in registered buyers if more than 5000, gst will be levied

[raj kumar shukla]

Supplies received by a registered person from ANY OR ALL suppliers in a SINGLE DAY should not exceed ₹ 5000.

[KIRTIKUMAR PUROHIT]

GST applicable if all expenses more than ₹ 5000/- per ડે; and Revers Charge applicable, there no specific clarity on Expenses in Cash or credit, but as per my opinion it will be charged on both, its simple logic that credit expenses will be paid any time in cash or cheque.

[Davinder Singh]

Dear Sir..

Kindly confirm the ABOVE LIMIT ALSO INCLUDES FREIGHT PAYMENT AND AT THE TIME OF CALCULATION OF RS.5000/- LIMIT, ONLY INCLUDES BILL AMOUNT RECEIVED FROM NON REGISTERED PERSON AS WELL AS REGISTERED PERSON AMOUNT.