So, Rent of office as commercial taxable ?
Company are required to pay RCM
RCM aplicable on services provided by director
Page no : 2
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
No, it's taxable under forward charge, not under RCM
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Ok, means director have to collect and pay GST to govt
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
Yes, if director are registered under GST than its taxable, ..otherwise GST not applicable
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Ok, it's compulsory for director to take gst number ?
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
If it's turnover is above exemption limit or meets other criteria, than required to take registration.
refer section 23 and 24 of CGST act
refer section 23 and 24 of CGST act
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Means it's like normal transaction, whether it's with director or other party ?
Nidhi
(Chief Accountant)
(3150 Points)
Replied 31 July 2021
Yes, same provision are applicable for all
Priya Sharma
(Account Manager)
(167 Points)
Replied 31 July 2021
Remuneration paid to MD is taxable as RCM ?
or other fee, also liable for RCM.
or other fee, also liable for RCM.
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