TaxTMI 
TaxTMI 
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.
GST on Expenses
13 Sep 2017 
11 Replies 
1600 Views Asked by
Guest 
GST on unregistered supplier expenses triggers reverse charge when monthly invoices aggregate beyond the prescribed threshold, affecting input tax credit.
GST applies under the reverse charge mechanism where supplies from an unregistered dealer are invoiced monthly and the monthly invoice aggregates daily supplies beyond the prescribed per day limit; daily invoices below the limit do not attract tax at the receiver. Input tax credit on tax paid under reverse charge is discussed as generally claimable in the same month that tax is paid or accounted for, subject to formal clarification from revenue. (AI Summary)
GST applies under the reverse charge mechanism where supplies from an unregistered dealer are invoiced monthly and the monthly invoice aggregates daily supplies beyond the prescribed per day limit; daily invoices below the limit do not attract tax at the receiver. Input tax credit on tax paid under reverse charge is discussed as generally claimable in the same month that tax is paid or accounted for, subject to formal clarification from revenue. (AI Summary)