Rcm on business expenses

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2018 We are a partnership firm having turnover around 3.00 crores and registered as regular in GST. We are paying RCM on carriage inward and shop/godown rent as RCM since July,17 and have been filing monthly GST Return, but have not paid RCM on any other business expenses like printing, travelling and conveyance, mobile exp. and many other various expenses. Which expenses are liable to be RCM paid ? Please guide us in this regard.

CA Mayur Todmal

CA Mayur Todmal (Expert)
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19 April 2018 Purchase from unregistered dealer [section 9(4)] is exempt since 13/10/2017 to 30/06/2018, i.e. you need not to pay rcm on such urd purchase from 13/10/17.
Certain expenses like advocate fees is liable for gst on rcm . you can refer section 9(3) for such specified expenses

Expert : Anonymous

Expert : Anonymous (Expert)

19 April 2018 Yes... I agreed with Mr CA MAYUR TODMAL., Also You ll be pay GST tax under RCM basis from 1st July to 12th October for URD related inwards and if exceeding 5k limit...

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