Menu
RCM for expenses
sir, our client getting materials and services of printing and stationery, vehicle maintenance, staff welfare and some other expeses from unregistered persons. so whether I have to pay RCM for those expenses?. so how can I treat indirect expenses of profit and loss account.
Replies (4)
Yes if you are purchasing it from unregistered dealer, you need to pay rcm provided it is exempted up-to rs. 5000 for a day
Thank you for your valuable information sir. Suppose client getting 7000rs. Vehicle maintenance services bill from unregistered person on 01.07.2017. On the same date he is getting printing and stationery and staff welfare bill of rs.3500. So how much amount I have to pay RCM?. What's the tax rate for all?.
Tell him to buy printing and stationary next day. So as to avail exemption of rs. 5000 per day . Your client need would pay tax only on 2000. And if he purchases stationary the next day he would not be required to pay tax on rs 3500
Thank you sir, what's the tax rate for providing making charges for gold?.
Recent Threads
- Gst interest and penalty doubts regarding missing
- Import of goods IMS telated
- ITR 6 submitting Problem
- Partnership Firm Closure Process
- Why the Costing Department Is Important ?
- Difference in efiling portal and intimation order
- Income tax challan correction
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
Related Threads
CAclubindia
