GST on Rent after NOTIFICATION NO. 05/2022-CENTRAL TAX (RATE) DATED.13-JUL-2022
This query is : Open
Quick Summary
02 September 2023
My client is an Individual and has a proprietory business and is a registered person in GST:
He pays rent to an unregistered person in GST for:
property 1 : residential dwelling for his residence purpose and is showing the amount as drawings.
property 2 : residential dwelling for business purpose and is showing the amount as business expenses.
property 3 : commercial dwelling for business purpose and is showing the amount as business expenses.
Please clarify on which property RCM is applicable and which is exempt.
He pays rent to an unregistered person in GST for:
property 1 : residential dwelling for his residence purpose and is showing the amount as drawings.
property 2 : residential dwelling for business purpose and is showing the amount as business expenses.
property 3 : commercial dwelling for business purpose and is showing the amount as business expenses.
Please clarify on which property RCM is applicable and which is exempt.
03 September 2023
RCM applicable on Property 2
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- Short Term Gain Reporting ITR
- Missed TDS
- Rent claimed on building given on permissive possession basis
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- DUE DATE FOR ITR FILING
- F&O reporting in ITR
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
