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RCM on Bank charges

RCM 1919 views 3 replies
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114 Points Posted on 13 August 2017
Is RCM applicable on Bank charges debited by bank? If yes, then hsn code and GST rate.
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On 13 August 2017 at 20:09 Report
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18 Points Posted on 13 August 2017
No RCM is not applicable on bank charges debited by bank
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On 13 August 2017 at 20:20
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18 Points Posted on 13 August 2017
because every small individual will not go for registration as well as payment of gst
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On 13 August 2017 at 20:21
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122 Points Posted on 13 August 2017
Normally bank charges GST on processing , dd charges . So we need not pay GST under RCM. No gst on interest in loan
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On 13 August 2017 at 20:28


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