RCM for Consultancy

This query is : Resolved

H Thakar (Querist)
Follow

06 December 2021 I have hired advocate for consultancy of my property. I have received invoice for the same amounting to Rs 1.5 Lakhs.

Do i need to pay RCM on above. ?

I am individual and the payment will done from my personal account.

Also advice on TDS Compliance of the same

B Sathyanarayanan

B Sathyanarayanan (Expert)
Follow

06 December 2021 if you have a Valid TAN No , deduct TDS and if you are registered under GST and having GSTIN No , u can deduct RCM on Advocate Bill and pay . Since you are individual and paying from Personal account and not holding Valid GSTIN no not necessary to deduct RCM .

Udaya Chandran

Udaya Chandran (Expert)
Follow

07 December 2021 RCM is applicable on all business entity. If you're an individual, doing business, then RCM is applicable, you need to get GST registered if not registered before.