GST on Expenses

[Mayuri Shete]

daily limit of an expense from URD do not cross the limit of ₹ 5000/- but if we are paying it on monthly basis GST applicable? like water tanker service availed per day are below 5000/- but same is paid at the end of the month which cross the limit of 5000/- please advise.

AI Summary

GST Applies Under Reverse Charge for Monthly Expenses Exceeding 5000 from Unregistered Dealers; ITC Timing Unclear A discussion on the application of Goods and Services Tax (GST) for expenses from unregistered dealers (URD) when daily expenses do not exceed 5000, but monthly payments do. Participants debated whether GST applies if payments are made monthly, with consensus that GST is applicable under reverse charge if invoices are issued monthly. There was also discussion on the timing of claiming input tax credit (ITC), with some asserting it can be claimed in the same month, despite the lack of official clarification. The conversation highlighted differing opinions and the need for official guidance.