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gst on rent
I am composition register dealer and my land lord not register who will be pay
Replies (14)
U have to pay under RCM
Yes. I agreed to CA Sanjay Kumar.
@ Manish Gupta.,
You are the service receiver. So, You can pay tax under RCM basis. Tax Rate @ 18%
sir will the limit of below 5000 will apply to rent rcm paid to unregistered landlords
Yeah....
Exactly apply for the 5k limit to rent. You can pay rent less than 5k also any others expenses not in that day. You can use the limit...
Exactly apply for the 5k limit to rent. You can pay rent less than 5k also any others expenses not in that day. You can use the limit...
Reverse Charge Mechanism @ Manish_Gupta
Rs 5000/- limit is per pay per Gstn.also upto 5000/- is exempt of total exp.if it exceed per day limit then not only excess amount but total amount will be charged ti gst...
thankyou sir
Yes... RCM applicable whole amount. Not, only excess amount...
Whole amount exceeding Limit will be taxable
but my shop rent 49500
49500 pahle hi kiraya jyada hai es par gst 9000 or dena pada to mujhe shop hi chhodna padegi
whole amount will be taxable.... in my point of view... In this case you have deduct TDS at 10% if your total sales/gross receipts/turnover from business exceeds Rs 1crore or 50 lakh in case of profession during the F.Y immediately preceeding the F.Y
@ Manish.,
If your rent is Rs. 49500 Then RCM is applicable.... GST Rate @ 18%
If your rent is Rs. 49500 Then RCM is applicable.... GST Rate @ 18%
Right sir #RAJA
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