9(4) Applicability

[Kunal Agrawal]

The limit of 5000 per day given under NOTIFICATION NO. 8/2017-CENTRAL TAX (RATE), DATED 28-6-2017 shall be linked to payment.

Like rent of 10000 per month paid for July-17 on 31-07-2017

Can we take ground that as amount paid is below 5000 per day, section 9(4) is not applicable.

AI Summary

GST Exemption Limit Debate: Daily vs. Monthly Rent Payment Under Notification No. 8/2017-Central Tax (Rate) A discussion forum focused on the applicability of GST Notification No. 8/2017-Central Tax (Rate) regarding the exemption limit of Rs. 5000 per day. The initial query questioned whether rent paid monthly could be exempt if the daily payment was below the threshold. Participants debated whether the exemption should be calculated based on daily or payment basis, referencing Section 13(3) of the CGST Act. Some argued the notification's methodology should be followed, while others noted the notification's rescission. The issue was resolved in favor of the initial query's interpretation by the Commissioner (Appeals), setting a precedent.