So, Rent of office as commercial taxable ?
Company are required to pay RCM
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RCM aplicable on services provided by director
No, it's taxable under forward charge, not under RCM
Ok, means director have to collect and pay GST to govt
Yes, if director are registered under GST than its taxable, ..otherwise GST not applicable
Ok, it's compulsory for director to take gst number ?
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
refer section 23 and 24 of CGST act
Means it's like normal transaction, whether it's with director or other party ?
Yes, same provision are applicable for all
Remuneration paid to MD is taxable as RCM ?
or other fee, also liable for RCM.
or other fee, also liable for RCM.
Yes, right.....
Thanks for clarification
You are welcome
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