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?
Query (Issue) Started By: - RameshBabu Kari Dated:- 29-8-2017 Last Reply Date:- 5-10-2017 Goods and Services Tax - GST
Got 3 R .....

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..... eplies
GST
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 R .....

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..... CM is payable. 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 operandi to .....

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..... 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't mean .....

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..... there is bar for future availment of ITC. When you pay cash against RCM invoice, there is no sword on assessee.
Discussion Forum - Knowledge Sharing .....

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