Dear Experts,Â
We are Registered in gst. We are giving below the expenses which we generally expense :- (all from unregister dealer)Â
1) RentÂ
2) Repair and Maintenance (Building, Vehicle)Â
3) salary or wages
4) Interest on CC AccountÂ
5) Interest on all Loan AccountÂ
6) Insurance premium (All types)Â
7) Telephone ExpensesÂ
8) Printing & StationeryÂ
9) Staff Welfare - Tea etc. and other staff related expensesÂ
10) accounting u
16) Freight Exp and transportation expÂ
17) electricity billÂ
18) misc. expenses
19)Travelling expenses
which expenses are of what rate and
Sir, please tell us which Expenses are liable to pay GST under RCM in above list. Please sir, help us to resolve the above query. Waiting for an early & stick response in this regard. which are under compulsory rcm or which are under daily limit of 5000??
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plz help urgent????
Replies (5)
item 3,4,5,6,7,17 not required to pay GST under RCM
Salary/Wages is not a supply under GST regime. No GST is payable.
Interest on any account (CC or loan) is a supply but is exempted from GST.
Electricity has been kept out of GST. Electricity is subject to electricity duty which has not been subsumed under GST regime.
Rent, repairs and maintenance, insurance premium, telephone bill, stationery, tea and misc, accounting, transportation, travelling are all supplies under GST and are taxable under RCM if procured from unregistered supplier. If the aggregate value of taxable supplies from all such unregistered dealers in a day exceeds 5000, you will have to pay tax under RCM. Moreover you will have to issue a tax invoice upon self [sec 31(3)(f) of CGST] and give a payment voucher while making payment to unregistered supplier [sec 31(3)(g)]
For my curiosity, please let me know who is your insurer who is still unregistered?
sir thanks
and for
transportation
and accountant salary
and bank charges
plz suggest
and for
transportation
and accountant salary
and bank charges
plz suggest
for1. transportation
2.Accountant salary
3. bank charges
4. CA FEES
RCM IS COMPULSORY OR 5000 DAILY LIMIT IS APPLICABLE
2.Accountant salary
3. bank charges
4. CA FEES
RCM IS COMPULSORY OR 5000 DAILY LIMIT IS APPLICABLE
The exemption of 5000 is applicable to all intra state supplies from unregistered supplier to registered supplier..
If the accountant is your employee, no GST is applicable. However, if he is under retainership, GST is applicable.
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