Rcm daily exp

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niloy sanyal (Querist)

09 August 2017 08/07/2017 our total Expenses Come 47805.00 which details shown below:
1) RENT (UNREGISTER GST DEALER) come Rs. 47250.00
2) Conveyance (Bus ,Auto,Metro etc. Fare) Come Rs. 370.00
3) Tea & Tiffin Come Rs. 85.00
4) Carriage Inward (Unregister GSt Dealer)(Local Minidoor) come Rs. 100.00

Please note that we already create RCM against RENT Rs. 47250.00 (Tax Rate 18 % ,cgst 9%, sgst 9%) which tax come 8505.00, Can We charge RCM for Other Expenses( i.e. conveyance,tea, carriage inward) because 08/07/2017 it Cross RCM Limit 5000.00
If Yes then 1) What is TAX Rate for other expenses we can charge
2) RCM Deducted TAX Rs. 8505.00 for the Month of July, 2017 which process we can deposited in State Bank of India. URGENT BASIS

RAJA P M

RAJA P M (Expert)

09 August 2017 Yes. You are exactly correct.... But, Minidoor expense is exempted so its not under RCM.... Payment time is when ll receive the supplies or when we pay the amount which is first at the we pay the tax amount under RCM......

niloy sanyal

niloy sanyal (Querist)

09 August 2017 Thanks Sir .
But you not said RCM Deducted TAX ........... for the Month of July, 2017 which process we can deposited in State Bank of India.

RAJA P M

RAJA P M (Expert)

09 August 2017 If your liabilities is 10000. You pay the tax under the head CGST 5k and SGST 5k. After you file the return at the time you can segregate the tax is which head and which liability you to split the amount.

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