Rcm
This query is : Resolved
Lokesh Maheshwari
(Querist)
03 June 2018
Please clear a point of RCM on under mentioned conditions :-
1)If a proprietor of a firm is giving his industrial property to a company in which he is also a director, is RCM will be applicable ?
2) Rent amount is below 10 Lac.
3) he is taking salary from company.
1)If a proprietor of a firm is giving his industrial property to a company in which he is also a director, is RCM will be applicable ?
2) Rent amount is below 10 Lac.
3) he is taking salary from company.
03 June 2018
From 13th October 2017 to 30th June 2018 RCM not applicable for 1 & 2...
3. GST not applicable.
Lokesh Maheshwari
(Querist)
03 June 2018
Thanks for your valuable reply, please clear more as in sr.no.1 factory on rent was from fy 12-13. Is that time RCM will be applied, if not please share any notification.
CA Suresh Jain
(Expert)
03 June 2018
RCM service tax was not applicable on Renting of property. It is not covered under the service provided by the Director
Lokesh Maheshwari
(Querist)
07 June 2018
Suresh sir,
Can you please share any notification for this.
Can you please share any notification for this.
CA Suresh Jain
(Expert)
08 June 2018
Please refer Sr. No. 6 of notification number 13/2017- CT (Rate)
Message likes :
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Lokesh Maheshwari
(Querist)
01 August 2018
Sir,
In above mentioned notification no.13/2017 CT rate only 5 points & that is for central tax, my issue is of Sr.Tax, please advise.
In above mentioned notification no.13/2017 CT rate only 5 points & that is for central tax, my issue is of Sr.Tax, please advise.
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