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Rcm (ps,interest)

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niloy sanyal

niloy sanyal (Querist)
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11 August 2017 Can RCM apply for the following Expenses

1) PARTNER SALARY for Rs. 50000.00 each partner
2) Interest on Capital
3) Interest on Unsecured Loan paid for Directors and other Party above Rs. 5000.00
4) Share of Profit for Partner
5) Loan Paid to Party (Register Dealer)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 August 2017 No GST or RCM applicable for all the above expenses.

niloy sanyal

niloy sanyal (Querist)
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11 August 2017 Thanks Seetharaman Sir
Sir if I Unsecured Loan paid to any Company (i.e Firm/PVt. Ltd. Co.) who is register under GST Then GST Applicable

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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12 August 2017 GST not applicable on interest payments.

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