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RCM ON DIRECTOR SITTING FEES

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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?
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On 21 June 2020 at 16:09 Report
Replies (4)
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Manager-Accounts & GST Consultant
5124 Points Posted on 21 June 2020

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

34 Reply
On 21 June 2020 at 16:32
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4215 Points Posted on 21 June 2020
There's no limit
12 Reply
On 21 June 2020 at 17:52
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Student
23688 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.
97 Reply
On 21 June 2020 at 18:27
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GST Practitioner
55067 Points Posted on 22 June 2020
There is no limit prescribed in Notification 13/2017 CT , hence RCM is applicable .
301 Reply
On 22 June 2020 at 00:07


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