So, Rent of office as commercial taxable ?
Company are required to pay RCM
RCM aplicable on services provided by director
Page no : 2
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
No, it's taxable under forward charge, not under RCM
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Ok, means director have to collect and pay GST to govt
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
Yes, if director are registered under GST than its taxable, ..otherwise GST not applicable
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Ok, it's compulsory for director to take gst number ?
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
refer section 23 and 24 of CGST act
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Means it's like normal transaction, whether it's with director or other party ?
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
Yes, same provision are applicable for all
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.
or other fee, also liable for RCM.
Recent Topics
- Is GST applicable on services rendered to overseas
- TIMING OF TDS ENRY IN BOOKS OF ACCOUNTS
- GST ITC Eligibility on Services
- Taxability on selling shares in 1 demat account an
- We file income tax return fy 2006-2007 but tds ben
- Order received from Overseas company to deliver ma
- Maintenance of the Register of Member in Case of P
- TDS on gift from real brother into NRO account - s
- Treatment of Branch transfers under GST to differe
- GST department monitoring financial transactions U
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
