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RCM on services provided by director
Rent and interest paid to directors will be considered as services provided by director and chagable to RCM
Replies (3)
No, bcz its not in capacity of director
No... It's not under rcm head.
Rent is supply service and Interest not under the purview of GST...
Rent is supply service and Interest not under the purview of GST...
Agree with Raja ji
Rent is paid to Landloard not to director & Interest is exempted in GST.
As per Notification 13/2017 CT (R)
sitting fees, commission, services charges for giving guarantee for loan taken by company has been covered under the Government notified services on which the tax would be payable on reverse charge.
Hence in your case No RCM is applicable
Rent is paid to Landloard not to director & Interest is exempted in GST.
As per Notification 13/2017 CT (R)
sitting fees, commission, services charges for giving guarantee for loan taken by company has been covered under the Government notified services on which the tax would be payable on reverse charge.
Hence in your case No RCM is applicable
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