Amit as a director of a Ltd. Company , he also work as a Tecnical Advisor in a partnership firm and quarterly submitted his bill against above partnership firm . Please suggest us - in this situation partnership firm can paid RCM against Amit technical consultancy bill purpose...
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RCM director technical service
Replies (3)
Quick Summary
Hi sir rcm applicable on service supplied by director to company or body corporate discharge rcm liability so ur case not applicable rcm but i think u r related party
such persons are officers or directors of one another’s businesses;
such persons are officers or directors of one another’s businesses;
GST under RCm need nt be paid. if Smith's aggregate turnover has crossed the threshold limit of 20lakhs he has to take registration under GST and charge GST at 18% for the services rendered.
| Originally posted by : TUKAI | ||
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Amit as a director of a Ltd. Company , he also work as a Tecnical Advisor in a partnership firm and quarterly submitted his bill against above partnership firm . Please suggest us - in this situation partnership firm can paid RCM against Amit technical consultancy bill purpose... |  |
Descripttion of Services
Services supplied by a director of a company or a body corporate to the said company or the body corporate.
Supplier of Services
A director of a company or a body corporate
Recipient of Services
A company or a body corporate located in the taxable territory
Conclusion
In Your case Director Fees taxable under RCM and Technical Fees Taxable if your Partnership limit cross as specified under GST LAW for Registration.
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