Easy Office

Rcm (ps,interest)

This query is : Resolved 

11 August 2017 Can RCM apply for the following Expenses

1) PARTNER SALARY for Rs. 50000.00 each partner
2) Interest on Capital
3) Interest on Unsecured Loan paid for Directors and other Party above Rs. 5000.00
4) Share of Profit for Partner
5) Loan Paid to Party (Register Dealer)


11 August 2017 No GST or RCM applicable for all the above expenses.

11 August 2017 Thanks Seetharaman Sir
Sir if I Unsecured Loan paid to any Company (i.e Firm/PVt. Ltd. Co.) who is register under GST Then GST Applicable




12 August 2017 GST not applicable on interest payments.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries