Regarding Rent paid under RCM
This query is : Resolved
24 October 2024
WHAT IS THE RENT PAID THRESHOLD LIMIT
LIABLE TO PAY TAX UNDER RCM
LIABLE TO PAY TAX UNDER RCM
24 October 2024
The Reverse Charge Mechanism (RCM) under GST does not have a specific limit based on the value of the transaction for its applicability. Instead, RCM is triggered based on the nature of the supply and the GST registration status of the supplier. For instance, if a registered business avails services or rents property from an unregistered supplier, RCM is applicable, and the registered business is responsible for the direct payment of GST to the government, regardless of the transaction value.
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