Urgent st query
This query is : Resolved
23 October 2015
Dear experts,
Non executive director has paid cab hire bill, i.e 7000 fare charge and 5.6% ST 392, total 7392, now the company will reimburse this 7392 to director, i have two query about this...
(1) weather company is liable to pay ST under RCM on reimbursement to non executive director which was incurred for business purpose, if yes....
(2) weather company will pay ST under RCM on 7000 or 7392,
Thanx & Regard
Prachi Gupta
Non executive director has paid cab hire bill, i.e 7000 fare charge and 5.6% ST 392, total 7392, now the company will reimburse this 7392 to director, i have two query about this...
(1) weather company is liable to pay ST under RCM on reimbursement to non executive director which was incurred for business purpose, if yes....
(2) weather company will pay ST under RCM on 7000 or 7392,
Thanx & Regard
Prachi Gupta
23 October 2015
No RCM applicable on such reimbursements.
23 October 2015
Drar sir, if no RCM applicable that means company is not liable yo pay ST however as per the ST rule ST is applicable on reimbursement to non executive director under RCM but in my case why no RCM applicable on reimbursement to non executive director, plz clarify in details it's really urgunt......
27 October 2015
dear sir, in your above reply you had suggested no RCM will be applicable that means company is not liable to pay ST under RCM on cab hire bill inclusive 5.6% ST while reimbursing this bill amount to non executive director, please reply why no RCM applicable in this said bill paid by non executive director. and basically ST is applicable on reimbursement to non executive director
27 October 2015
ST is applicable on reimbursement of expenditure except in the nature of pure agent reimbursements.
No RCM applicable in case of bill is in the name of the company.
No RCM applicable in case of bill is in the name of the company.
27 October 2015
sir the bill is in the name of non executive director hence RCM will be applicable and this cab hire service was taken for business purpose, the bill contain 7000 fare charge, 5.6% ST 392, total bill amount is 7392/- plz tell me weather company is liable to pay ST under RCM on 7000 or on total bill 7392 inclusive Service tax.
27 October 2015
As the bill is in the name of the director company is liable to pay service tax under RCM on the total bill.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Partnership Deed Changes for Remuneration
- F&O transactions question
- Clarification regarding clubbing of AGM and EGM into one meeting
- Procedure for change in category of Director from Independent to Promoter Diretor
- TDS DEDUCTED UNDER SECTION 194R WHERE TO SHOW IN ITR AND GST.
- Query related to job work
- HSN- GSTR 9
- Sale of agrilculture land exmpted for aerial distance calculation procedure for online
- SECTION 206AB OF INCOME TAX
- Networth for irdai
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
- Switch over to Composition Scheme
- Gstr 9 and itc
- Clarification regarding IMS
- RCM on Construction of Apartment - Real estate
Trending Online Classes
-
All Subjects Combo (Regular Batch) Jan & May 26
CA Hardik Manchanda,CS Arjun Chhabra & Prof. Akash Agrawal
CAclubindia
