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RCM ON DIRECTOR SITTING FEES

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Anoop srivastava

223 Points Posted on 21 June 2020

Is there any limit for RCM applicability on Director sitting fees or not. if we pay suppose Rs 500/- then whether RCM is applicable?

Replies (4)

Quick Summary

This discussion clarifies the applicability of Reverse Charge Mechanism (RCM) on director sitting fees. It confirms that there is no minimum monetary limit for RCM to be applicable. Therefore, even a small amount like Rs 500/- paid as director sitting fees is subject to GST under the RCM provisions as per Notification No. 13/2017 - CT (Rate).

CA Saloni

Manager-Accounts & GST Consultant

5124 Points Posted on 21 June 2020

Under RCM there is no limit. You have to charge GST on 500/-

KRISSHNAN KP

4215 Points Posted on 21 June 2020

There's no limit

Shivam RC

Student

23693 Points Posted on 21 June 2020

There's No Limit for RCM in case of transaction specified for RCM incase of Notified Cases under Section 9(3) of the CGST Act 2017 [ Notification No. 13/2017 - CT ( Rate ), dated 28th June 2017 ].

Therefore GST would be applicable on Rs. 500 at the applicable rate under RCM basis.