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Reverse charge mechanism on interest on unsecured loan, commission and Rent

This query is : Resolved 
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(Querist)
12 August 2017 Dear Experts, we are paying tax and interest on unsecured loan, rent and commission. Those are more than 5k per day. will it applicable RCM
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CA. Vinodh Kothari

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CA. Vinodh Kothari (Expert)
13 August 2017 Interest on Unsecured loan out of GST RCM not applicable

Rent and commissions paid RCM applicable

VK
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Avinash Jeevan Dsouza

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Avinash Jeevan Dsouza (Querist)
13 August 2017 thanks for your advice sir.
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CA Suresh Jain

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CA Suresh Jain (Expert)
13 August 2017 The receipt or payment of Interest is a Service of extending Loans and advance for interest or discount and exempted under notification 12/2017. The rent and commission are covered under RCM
N Jain
group.blr@gmail.com
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