Hello all,
Is the Reimbursement of expenses is taxable in GST. (it is Taxable in Service Tax as Sec 67 amended byy Fincance Act 2015)
21 Replies
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 13 June 2017
its not, if deal as specified in value of supply rules of GST ( pure agent concept) point no 7
Rohit Gupta
(M.Com / IPCC)
(54 Points)
Replied 13 June 2017
| Originally posted by : preeti | ||
 |
its not, if deal as specified in value of supply rules of GST ( pure agent concept) point no 7 |  |
can u give me the link or any other material to rely upon
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 13 June 2017
its is as specified by cbec, what else authentic provision u need
Rohit Gupta
(M.Com / IPCC)
(54 Points)
Replied 13 June 2017
Got it Thank you here is a link https://gstindiaonline.com/pages/gstlegislation/gst_model_law/gst_valu_rules/008.htm
Pramod Vijay
(Chartered Accountant)
(47 Points)
Replied 13 June 2017
expenses borne by emplyee on behalf of company are also covered in this provision. pl clarify.
Preeti (Team_GSTSoln)
(Team GST Experts)
(1926 Points)
Replied 14 June 2017
No pramod exp incurred by employee is a totally different situation. In thaat casw he will get bill issued in the name of co. Further if would hav no commission in that
Neha Mali
(Student CA Final )
(26 Points)
Replied 21 June 2017
conveyance reimbursement to employees is liable for GST under RCM
chirag04
(Student CA Final )
(49 Points)
Replied 26 July 2017
Conveyance Reim is not under RCM as it for Employee Employer relationship which is excluded from GST
Shubham Singhal
(Student- ICAI)
(175 Points)
Replied 03 August 2017
Any Consultant providing Consultancy to a company will fall under RCM in GST? Do the recipient Company need to pay the GST on Consultancy amount?
P.S. Consultant is an Individual and unregistered.
Deepak Chavanke
(Accounts Executive)
(33 Points)
Replied 06 August 2017
Dear Sir\ Madam
We are paying monthly Fix conveyance reimbursement Exepesnes in Cash to our employee ( In Books of Account we grouped in the same Employee Benefit Expesnes ). Will GST on Reverser charge apply on the same - if yes can we get ITC ??
Deepak
Kiran Kumar Reddy
(Article Assistant)
(45 Points)
Replied 21 August 2017
Yah definitely RCM is applicable to receipent company if service taken from unregistered person
Dayal
(Gen. Manager - Indirect Taxation)
(3434 Points)
Replied 23 August 2017
If the letter of engagement specifies the said amount and further if the amount is reflected in form 16 of the employee then no RCM as outside the perview of GST
Gurumurthy.B
(Accounts Manager)
(36 Points)
Replied 31 August 2017
A firm conducted Stock audit in the previous month. The auditor incurred 2600/- on travelling. This amount includes 1600 for drivers salary and 1000 for petrol. Apart from charging GST on professional fee should the CA also charge GST on the bill for claiming reimbursement of travelling expense.How should he account for the same?
Gurumurthy.B
(Accounts Manager)
(36 Points)
Replied 31 August 2017
A firm conducted Stock audit in the previous month. The auditor incurred 2600/- on travelling. This amount includes 1600 for drivers salary and 1000 for petrol. Apart from charging GST on professional fee should the CA also charge GST on the bill for claiming reimbursement of travelling expense.How should he account for the same?
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