If Per day payment is below 5000, Bill is 6000, is RCM applicable?

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....f Per day payment is below 5000, Bill is 6000, is RCM applicable?<br> Query (Issue) Started By: - RameshBabu Kari Dated:- 29-8-2017 Last Reply Date:- 5-10-2017 Goods and Services Tax - GST<br>Got 3 Re....

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....plies<br>GST<br>If Per day payment is below 5000, Bill is 6000, is RCM applicable? Reply By RAMESH PRAJAPATI: The Reply: If purchase bill is for &#8377; 6000/- raised by unregistered dealer, then RC....

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....M is payable. Reply By KASTURI SETHI: The Reply: Dear Querist, If any unregistered person bills &#8377; 6000/- but payment is below &#8377; 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&#39;t mean t....

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