Easy Office

RCM aplicable on services provided by director

Page no : 2
Priya Sharma

Priya Sharma (Account Manager) (167 Points)
Replied 31 July 2021

So, Rent of office as commercial taxable ?
Company are required to pay RCM


Nidhi

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

No, it's taxable under forward charge, not under RCM
1 Like

Priya Sharma

Priya Sharma (Account Manager) (167 Points)
Replied 31 July 2021

Ok, means director have to collect and pay GST to govt

Nidhi

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Yes, if director are registered under GST than its taxable, ..otherwise GST not applicable
2 Like

Priya Sharma

Priya Sharma (Account Manager) (167 Points)
Replied 31 July 2021

Ok, it's compulsory for director to take gst number ?



Nidhi

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

If it's turnover is above exemption limit or meets other criteria, than required to take registration.
refer section 23 and 24 of CGST act
1 Like

Priya Sharma

Priya Sharma (Account Manager) (167 Points)
Replied 31 July 2021

Means it's like normal transaction, whether it's with director or other party ?
1 Like

Nidhi

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Yes, same provision are applicable for all

Priya Sharma

Priya Sharma (Account Manager) (167 Points)
Replied 31 July 2021

Remuneration paid to MD is taxable as RCM ?
or other fee, also liable for RCM.
1 Like

Nidhi

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Yes, right.....



Priya Sharma

Priya Sharma (Account Manager) (167 Points)
Replied 31 July 2021

Thanks for clarification

Nidhi

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

You are welcome


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Join CCI Pro

Recent Topics


More recent discussions | Post

Related Threads


Loading

Popular Discussion


    Loading please wait

view more »


Start a New Discussion
Easy Office

Trending Online Classes

view all classess
CCI Pro

Subscribe to the latest topics :

Search Forum:

Forum Home
Popular Threads
Recent Posts
Unreplied Threads
Post New Topic
Settings