we have not paid in time to foreign suppliers as per payment terms therefore foreign suppliers raised a invoices on accounts of interest due non payment as per payment terms...
so in this case RCM applicable on that interest amount???
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RCM-gst on interest due to late payment to foreign suppliers against imported goods
Replies (4)
RCM not apply on Interest
Why it is not applicable on interest, we are paying interest in foreign currency???
pls give reasoning
pls give reasoning
Yes it's an supply & RCM is applicable (Refer SECTION 12(6) of CGST Act)
Sir good evening...
If we paid gst on renting of residential Dwelling property under RCM then can we claim itc on this transaction if the properly is being used by our company director.... ??
I would be very great full to you if u could reply in your busy schedule...
Thanks in advance.
With warm regards,
Harinder Kumar
If we paid gst on renting of residential Dwelling property under RCM then can we claim itc on this transaction if the properly is being used by our company director.... ??
I would be very great full to you if u could reply in your busy schedule...
Thanks in advance.
With warm regards,
Harinder Kumar
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