In gst reverse charge meahism what is limit of expense per day
Answers
Answered by
0
ABC Ltd. is a registered company which has spent Rs. 7,500 on purchases from a URD. Should it pay GST via RCM (Reverse Charge Mechanism) on Rs. 1,500?
Once the limit of Rs. 5,000 in a day is crossed, the GST is payable on the entire amount of Rs. 7,500 on RCM.
Once the limit of Rs. 5,000 in a day is crossed, the GST is payable on the entire amount of Rs. 7,500 on RCM.
Similar questions