bank charges
partha (ACCOUNTANT) (80 Points)
18 August 2017
Bank charges apply in GST. can we reverse charge in BANK charges GST
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 18 August 2017
Bank will charge GST on bank charges and it will be reflected in your bank statement...
It is same as earlier banks were charging Service tax, now its GST...
Shivendu Agarwal
(Paraprofessional)
(39 Points)
Replied 18 August 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 18 August 2017
No, since you have received services from regd person, you need not pay under RCM...
partha
(ACCOUNTANT)
(80 Points)
Replied 18 August 2017
Shivendu Agarwal
(Paraprofessional)
(39 Points)
Replied 18 August 2017
Sonu Kumar
(Account Manager)
(665 Points)
Replied 18 August 2017
House Rent for Residence Purpose is Exempt, But in case of Business Use it is Taxable under Reverse Charges
Sonu Kumar
(Account Manager)
(665 Points)
Replied 18 August 2017
| Originally posted by : CA Saloni | ||
 |
No, since you have received services from regd person, you need not pay under RCM... |  |
Please Clearify..... if we are receiving Services with registered Transporter then.....
Shivendu Agarwal
(Paraprofessional)
(39 Points)
Replied 18 August 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 19 August 2017
| Originally posted by : Shivendu Agarwal | ||
|
@ CASaloni can you also highlight whether I'll be liable to pay GST on RCM if I'm paying rent to an unregistered person. | |
Yes you need to pay GST under RCM if paying rent to URD
Achy Skid
(2 Points)
Replied 27 April 2018
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