RCM on Bank charges
Jeetendra Mehta (114 Points)
13 August 2017
Is RCM applicable on Bank charges debited by bank? If yes, then hsn code and GST rate.
3 Replies
CA Bhaarat Parwani
(18 Points)
Replied 13 August 2017
No RCM is not applicable on bank charges debited by bank
CA Bhaarat Parwani
(18 Points)
Replied 13 August 2017
because every small individual will not go for registration as well as payment of gst
Ganapathi Rajendran
(122 Points)
Replied 13 August 2017
Normally bank charges GST on processing , dd charges . So we need not pay GST under RCM. No gst on interest in loan
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