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RCM under GST

RCM 261 views 5 replies
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5 Points Posted on 09 July 2017
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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On 09 July 2017 at 19:01 Report
Replies (5)
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Accountant
1037 Points Posted on 09 July 2017
Yes, the company is liable to RCM. However company can claim ITC of the taxes paid under RCM
2 Reply
On 09 July 2017 at 19:09
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"Do the Right Thing...!!!"
128152 Points Posted on 09 July 2017
Yes I agreed to Mr. Kunal Pansari
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On 09 July 2017 at 19:25
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5 Points Posted on 09 July 2017
Thanks
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On 09 July 2017 at 19:39
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5 Points Posted on 09 July 2017
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
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On 09 July 2017 at 21:47
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Accountant
1037 Points Posted on 09 July 2017
Tax will be levied on 61000
1 Reply
On 09 July 2017 at 22:09


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