We have paid RS. 30000.00 to a CLUB (UNREGISTER IN GST) by Cheque for DURGA PUJA DONATION PURPOSE
Can RCM applicable for this above transaction . We Are Register Person in GST
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Donation (rcm)
Replies (5)
Yes...
RCM applicable...
Also disallowed the expenditure under IT...
RCM applicable...
Also disallowed the expenditure under IT...
But Sir Many WABSITE Said Donation is EXEMPTED under GST Law, Because Donation not cover any Purchase or Service.
IF RCM applicable then TAX rate & HNS/SAC Code said for this
No, GST is not leviable as it is not a supply
Mr Bhargav Varma.,
How to account the Above said amount in our books of accounts...?
If you are a CA then what is your exact treatment above said Donation..?
You ll be take it as Donation U/s 80G...?
Sir, what you said is correct. It is a disallowable expenditure & that too exemption is not available u/s 80G. What I said was, Since it was not a supply, GST is not leviable and there is no point of RCM. Correct me if I'm wrong and quoting of relevant provisions in that case is appreciable.
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