Problem form some expenses regarding gst
This query is : Resolved
12 August 2017
Dear Experts,
We are Registered Construction Company. We are giving below the expenses which we generally expense :- (all from unregister dealer)
1) Rent
2) Repair and Maintenance (Building, Vehicle)
3) Labour Payment on site
4) Interest on CC Account
5) Interest on all Loan Account
6) Insurance premium (All types)
7) Telephone Expenses
8) Printing & Stationery
9) Staff Welfare - Tea etc. and other staff related expenses
10) Water bill from Govt. Department
11) Legal and cosultany fees
12) Gift Expenses
13) Petrol and diesel
14) staff travelling expenses
15) Business & Sales Promotion Exp
16) Freight Exp and transportation exp
17) electricity bill
18) water tanker purchase from other person.
Works contract rate in 12% and which rate is applicable on labour, subcontractor and all above expenses???????
Sir, please tell us which Expenses are liable to pay GST under RCM in above list. Please sir, help us to resolve the above query. Waiting for an early & stick response in this regard.
We are Registered Construction Company. We are giving below the expenses which we generally expense :- (all from unregister dealer)
1) Rent
2) Repair and Maintenance (Building, Vehicle)
3) Labour Payment on site
4) Interest on CC Account
5) Interest on all Loan Account
6) Insurance premium (All types)
7) Telephone Expenses
8) Printing & Stationery
9) Staff Welfare - Tea etc. and other staff related expenses
10) Water bill from Govt. Department
11) Legal and cosultany fees
12) Gift Expenses
13) Petrol and diesel
14) staff travelling expenses
15) Business & Sales Promotion Exp
16) Freight Exp and transportation exp
17) electricity bill
18) water tanker purchase from other person.
Works contract rate in 12% and which rate is applicable on labour, subcontractor and all above expenses???????
Sir, please tell us which Expenses are liable to pay GST under RCM in above list. Please sir, help us to resolve the above query. Waiting for an early & stick response in this regard.
12 August 2017
RCM on following items applicable if per day 5000 limit crossed :
Item no. 1 2 3 7 8 9 14 15 18
Item no. 1 2 3 7 8 9 14 15 18
12 August 2017
I think all telecom companies are registered under GST hence no question of RCM of point 7
12 August 2017
GST will not be applicable on interest point 4,5 and petrol point 13
12 August 2017
Point no 10 GST will at the rate of NIL for services by government
Message likes :
1 times
12 August 2017
on legal expenses of Advocate (point 11) & Freight to GTA (point no. 16) RCM will be applicable. here per day limit 5000 doesnt effect RCM liability
Message likes :
1 times
12 August 2017
I am not sure about point 6 & 12, but for free gift you can not avail ITC
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2 times
12 August 2017
Works contract rate in 12% and which rate is applicable on labour, subcontractor and all above expenses???????
12 August 2017
Works contract rate in 12% and which rate is applicable on labour, subcontractor and all above expenses???????
For RCM
For RCM
Message likes :
1 times
12 August 2017
But our applicable rate of 12% for govt projects, then subcontractor also 12% or 18%?
CA Suresh Jain
(Expert)
18 August 2017
I suggested you to refer notifications 11 and 12 of Central tax
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