GST RCM ON RENT
This query is : Resolved
02 December 2024
IS THERE ANY NOTIFICATION REGARDING RCM ON RENT?
RCM IS TO BE PAID ON ONLY COMMERCIAL PERMISES OR RESIDANCSIAL AND COMMERCIAL BOTH PREMISESIS
RCM IS TO BE PAID ON ONLY COMMERCIAL PERMISES OR RESIDANCSIAL AND COMMERCIAL BOTH PREMISESIS
02 December 2024
1. Notification No. 05/2022-Integrated Tax (Rate)
2. Notification No. 09/2024 – Integrated Tax (Rate) dated 8th October 2024.
Refer: https://taxguru.in/goods-and-service-tax/rcm-residential-property-commercial-property-gst.html
2. Notification No. 09/2024 – Integrated Tax (Rate) dated 8th October 2024.
Refer: https://taxguru.in/goods-and-service-tax/rcm-residential-property-commercial-property-gst.html
02 December 2024
For Residential Property:
If rented for commercial use, GST under RCM may apply.
If rented for residential use, no GST is applicable.
For Commercial Property:
GST under RCM applies if the property is rented to a business registered under GST.
The tenant pays the GST, and not the landlord.
If rented for commercial use, GST under RCM may apply.
If rented for residential use, no GST is applicable.
For Commercial Property:
GST under RCM applies if the property is rented to a business registered under GST.
The tenant pays the GST, and not the landlord.
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