We have paid SALARY,INTEREST & RENT to our Director , as per GST law it will be considered as services provided by director and chagable to RCM against this expenses.
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RCM aplicable on services provided by director
Replies (26)
Quick Summary
Yes RCM is applicable
On salary and interest GST not applicable.
if rent is paid for commercial property than GST is applicable, otherwise exempt.
it's nothing to do with RCM
if rent is paid for commercial property than GST is applicable, otherwise exempt.
it's nothing to do with RCM
Salary is out of GST, right ?
Yes, Salary is out of preview of GST, so there is no GST applicable
But I heard that on director salary GST under RCM is applicable .
On managing director remuneration, or sitting fee paid to direct, where TDS is deducted u/s 194 J ..GST under RCM is applicable
So, if TDS deduction as salary than, No GST ?
Yes, right.....
Interest is non taxable on loan ?
Yes, there is no GST on interested, whether under RCM or FCM .
it's exempt from GST
it's exempt from GST
Or rent is taxable ?
It's depends up a which type of property are rented
If it's official rent than GST applicable, right ?
If rent is for commercial property than its taxable
if it's for residential property, than exempt
if it's for residential property, than exempt
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