RCM not applicable to Intra-State Supply of Goods & Services below the value of Rs. 5000 by an Unregistered Person to a Registered Person [Read Notification]
![RCM not applicable to Intra-State Supply of Goods & Services below the value of Rs. 5000 by an Unregistered Person to a Registered Person [Read Notification]](https://www.taxscan.in/wp-content/uploads/2017/06/Reverse-Charge-Mechanism.jpg "RCM not applicable to Intra-State Supply of Goods & Services below the value of Rs. 5000 by an Unregistered Person to a Registered Person [Read Notification]")
The Central Government recently notified that the Reverse Charge Mechanism (RCM) is not applicable to intra-State supply of goods & services made by an unregistered person to a registered person where the value of such goods and services comes below Rs. 5000. The Notification has exempted intra-State supplies of goods or services or both received by a registered person from any supplier,...
The Central Government recently notified that the Reverse Charge Mechanism (RCM) is not applicable to intra-State supply of goods & services made by an unregistered person to a registered person where the value of such goods and services comes below Rs. 5000.
The Notification has exempted intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the Central Goods and Services Tax Act, 2017.
However, it is stated that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.
Read the full text of the Notification below.
