Reverse charge mechanism on interest on unsecured loan, commission and Rent
This query is : Resolved
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
13 August 2017
Interest on Unsecured loan out of GST RCM not applicable
Rent and commissions paid RCM applicable
VK
Rent and commissions paid RCM applicable
VK
Message likes :
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13 August 2017
thanks for your advice sir.
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
N Jain
group.blr@gmail.com
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