Gst under rcm
This query is : Resolved
28 August 2019
If a person X has a proprietorship firm named Ram Constructions which is registered under GST and same person(X) is a Director in a company named Shayam Pvt. Ltd. which is also registered under GST.And if Ram Constructions issue invoice to Shyam Pvt. Ltd. then Shayam Pvt. Ltd. must have to deposit GST under RCM because they are going to make payment indirectly to their director and every payment made to a director of the company is liable under RCM on amount paid.My concern is whether proprietorship firm will charge GST on invoice raise or not because it is register under GST.
28 August 2019
Proprietorship firm will charge GST on invoice raise. RCM applicable only on remuneration paid to director.
28 August 2019
But sir proprietorship firm and X are same as firm name is only brand name and the invoice raised by firm is taxable in the income of X so why it is not consider as a payment made to director ???
28 August 2019
RCM applicable only on payment received for services rendered as director.
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