Itc on rental income
This query is : Resolved
29 August 2017
A registered person pays monthly rent to unregistered landlord for his shop of Rs.10,000.00.Whether he has to pay gst@18% on Rs.10,000.treating it a transaction u/s 9 (4) i.e gst on over & above Rs.5000 per day or he has to pay gst on the total monthly rent.ITC on the reverse charge so paid can be claimed on the same or next month?
29 August 2017
Since rent paid on monthly RCM On rent applicable, same ITC can be claimed in Next month Return.
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