Rcm on expenses under gst

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Rakesh Sharma (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

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Rakesh Sharma

Rakesh Sharma (Querist)
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24 June 2017 sir, RCM is not applicable on s. no. 9 & 14

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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25 June 2017 Yes not applicable for 9 and 14.

Rakesh Sharma

Rakesh Sharma (Querist)
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25 June 2017 but sir, most ca say that it is taxable under RCM. sir please explain

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

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Rakesh Sharma

Rakesh Sharma (Querist)
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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

Sunil

Sunil (Expert)
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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).

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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