A company engaged a retired bank manager as consultant,
Consultant is unregistered under gst.
Query is whether company is liable to pay tax under rcm @ 18% for his services.... Company has to bear it?????
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RCM under GST
Replies (5)
Yes, the company is liable to RCM. However company can claim ITC of the taxes paid under RCM
Yes I agreed to Mr. Kunal Pansari
Thanks
If company is paying eg 60,000 as consultancy fees and 1000 as mobile allowance... Now on which amount 18% will be levied. 60000 or 61000
Tax will be levied on 61000
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