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Rcm

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 December 2018 As per N/N 12/2017 r/w 13/2017
service recipient being business entity is liable to pay GST on Rcm basis from services received from advocates if its T/O is more than 20 lac in PY

my question is whether interest on FD or int on loan given to third party is accounted as aggregate turnover as 2(6)
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Udaya Chandran

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Udaya Chandran (Expert)
08 December 2018 Interest is not subject to GST.
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