GST ON RENT UNDER COMPOSITION SCHEME
This query is : Resolved
14 October 2024
I am registered Person under GST composition scheme.
If I pay rent to an UNREGISTERED person then who will be liable for PAY GST?
Will I have to pay tax at the rate of 18% on rent in Cmp-08?
Please reply
If I pay rent to an UNREGISTERED person then who will be liable for PAY GST?
Will I have to pay tax at the rate of 18% on rent in Cmp-08?
Please reply
15 October 2024
Yes, you have to pay GST under RCM at the rate of 18%.
15 October 2024
RCM on residential house property was introduced w.e.f. 18.7.22. For which RCM is payable by registered person irrespective of landlord is registered on it.
Likewise RCM on commercial property was introduced w.e.f. 10.10.24 for which RCM is payable by a registered person only if the landlord is unregistered. If landlord is registered then no RCM is applicable, GST will be charged on FCM basis.
Likewise RCM on commercial property was introduced w.e.f. 10.10.24 for which RCM is payable by a registered person only if the landlord is unregistered. If landlord is registered then no RCM is applicable, GST will be charged on FCM basis.
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