Atmiya consultancy

Some points for better understanding of GST.

All payments above Rs. 5000 per day, are under RCM in GST:

If we are dealing with unregistered suppliers and making payments above Rs. 5000, we have to pay GST under RCM under section 9(4) of CGST ACT.

List of some items on which RCM will not apply:
Salary and wages ( no casual labour)
Electricity and water
Interest
Car fuel ( out from GST)
Government charges.

List of some items on which RCM will apply :
Accounting Charges
Rent and lease charges
Commission and Brokerage
Printing and stationery
Repairs and Maintenance
Office expenses
Computer repairs charges
Legal Fees
Consultancy charges
Professional charges
Audit Fees
Labour charges
Fright and transportation
Gifts
Business promotion expenses
Advertisement
And all other expenses which are not covered with specific exemption.