Rcm on employees reimbursement expenses

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Hello,

I would like to have clarificaction regarding expenses made by me for the company.

These expenses are reimbursed to me.

These expenses are mostly petty such as housekeeping tea,coffee, refreshments etc etc.

For the above expenses how GST/ RCM is to be considered for Accounting.

Replies (3)

Presently, there is no RCM on purchases, except some goods and services notified, e.g. legal services and GTA.

Hi

I dont think so on petty cash expense which are generally below upto 10K we have to pay GST/RCM on them,  or with whom you deal also not deduct any of your tax.

Thanks for update!


CCI Pro

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