Itc on rental income
This query is : Open
Sabita Sahoo
(Querist)
22 August 2017
A registered person has taken his shop on monthly rent of Rs.15000.00.whether he is to pay gst on reverse charge basis?if the landlord receives rent of Rs.15000 p.m,his annual rental income will be Rs.180000.00 I.e not more than 20 lakh.In this case whether gst payable by recipient on RCM basis?
CA Rashmi Gandhi
(Expert)
23 August 2017
You are liable to pay under RCM if you are registered in GST.
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