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GST - APPLICABILITY OF RCM, Goods and Services Tax - GST |
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GST - APPLICABILITY OF RCM |
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I have 3 points to know about RCM Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Dear sir, The stated expenses are not liable under RCM. The threshold limit of 5,000 per day (relevant upto 13.10.2017) applies for all types of expenses. However, a view is possible to say no RCM on urd procurements is liable from the beginning of GST (01.07.2017) irrespective of threshold limit. The RCM liability paid would be eligible for ITC in the year of payment and the time limit counts from the payment date (self invoice would be given at the time of payment). Page: 1 Old Query - New Comments are closed. |
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