Is rcm applicable on interest to be paid to others?

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73 Points Posted on 16 June 2018
what will be the treatment in books of account for interest payable and the is rcm applicable?
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On 16 June 2018 at 17:27 Report
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Accountant
3479 Points Posted on 16 June 2018
No RCM applicable
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On 16 June 2018 at 18:38
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GST Practitioner
55067 Points Posted on 16 June 2018
No Rcm is applicable on interest paid, its exempted
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On 16 June 2018 at 18:38
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"Do the Right Thing...!!!"
128157 Points Posted on 16 June 2018
No... RCM not applicable.
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On 16 June 2018 at 19:45

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