Rcm on expenses under gst
This query is : Resolved
24 June 2017
Dear Experts,
We are Registered Personal. We are giving below the expenses which we generally expense :-
1) Freight & Cartage
2) Packing Exp. (URD)
3) Repair & Maint. (RD & will Charge GST)
4) Salary & Wages
5) Director's Remuneration to working director (paid u/s 192B of I.Tax Act)
6) Interest on CC Account
7) Interest on Car Loan Account
8) Bank intt. against Bill of Exchange discounting.
9) Insurance premium - Car, Lorry, Transit Insurance
10) Telephone Exp. (RD & will Charge GST)
11) Car & Motorcycle Running & Maint.
12) Postage & Courier (will not charge GST)
13) Printing & Stationery (will not charge GST)
14) Staff Welfare - Tea etc. (will not charge GST)
15) Water bill from Govt. Department
16) Argon, Oxygen & LPG Cylinder Exp.
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.
RAKESH SHARMA
Read more at: https://www.caclubindia.com/experts/rcm-on-expenses-2497339.asp
We are Registered Personal. We are giving below the expenses which we generally expense :-
1) Freight & Cartage
2) Packing Exp. (URD)
3) Repair & Maint. (RD & will Charge GST)
4) Salary & Wages
5) Director's Remuneration to working director (paid u/s 192B of I.Tax Act)
6) Interest on CC Account
7) Interest on Car Loan Account
8) Bank intt. against Bill of Exchange discounting.
9) Insurance premium - Car, Lorry, Transit Insurance
10) Telephone Exp. (RD & will Charge GST)
11) Car & Motorcycle Running & Maint.
12) Postage & Courier (will not charge GST)
13) Printing & Stationery (will not charge GST)
14) Staff Welfare - Tea etc. (will not charge GST)
15) Water bill from Govt. Department
16) Argon, Oxygen & LPG Cylinder Exp.
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.
RAKESH SHARMA
Read more at: https://www.caclubindia.com/experts/rcm-on-expenses-2497339.asp
24 June 2017
RCM applicable on sl Nos 1,2 ,11,12 and 13.
GST not applicable sl Nos 4,5,6,7,8,14 and 15.
GST not applicable sl Nos 4,5,6,7,8,14 and 15.
Message likes :
2 times
24 June 2017
sir, RCM is not applicable on s. no. 9 & 14
25 June 2017
Yes not applicable for 9 and 14.
25 June 2017
but sir, most ca say that it is taxable under RCM. sir please explain
25 June 2017
9) Insurance premium - Car, Lorry, Transit Insurance GST tax levied by Insurance companies.
14) Staff Welfare - Tea etc. (will not charge GST) RCM may be applicable.
14) Staff Welfare - Tea etc. (will not charge GST) RCM may be applicable.
Message likes :
2 times
25 June 2017
sir, we have to pay for petrol & diesel for motorcycle, car & lorries also as the same will be booked vehicle running & maintenance
26 August 2017
In case a proprietorship is registered for GST, does proprietor have to pay on RCM on provisions and services for use at his personal household. Does he have to declare the items like electricity and petrol he uses on his personal car (not used for business).
26 August 2017
RCM not applicable on personal house hold expenses. No need to declare such personal expenses in the return.
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