bank charges
partha (ACCOUNTANT) (80 Points)
18 August 2017
Bank charges apply in GST. can we reverse charge in BANK charges GST
14 Replies
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
some banks are not charging GST on bank charges amount below Rs. 10. do I need to pay GST under RCM?
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
I know that service tax move to GST but can get GST amount as reverse charge method
Shivendu Agarwal
(Paraprofessional)
(39 Points)
Replied 18 August 2017
@ CASaloni can you also highlight whether I'll be liable to pay GST on RCM if I'm paying rent to an unregistered person.
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
registered transporter has to give you a bill mentioning GST on RCM @ 5% or under forward charge @ 12%
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
In case bank reverses the bank charges then whether GST on that charges will also be required to be reversed or not. Plz tell, since in my case they didn't reverse gst.
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
