Rcm on godown rent

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Shiv Karwa (Querist)

12 May 2018 we have a godown on rent. godown owner not registered under gst. is there rcm to be paid by us on godown rent . if applicable then what is rate of rcm.

Pralay Chakraborty

Pralay Chakraborty (Expert)

12 May 2018 If your supplier (Owner) is not registered and you are registered then section 9(4) of CGST Act or Section 5(4) of IGST Act will come into picture. By virtue of respective notification tax is no longer required to be paid upto 30.06.2018. However, as a registered person you are required to follow other procedures like raising self invoice etc. failing which general penalty may be applicable for procedural lapse.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 May 2018 Yes tax under RCM is no longer required to be paid upto 30.06.2018.

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CA Suresh Jain

CA Suresh Jain (Expert)

13 May 2018 RCM was payable for the period 1st July, 2017 to 12th Octoberr 2017 in case of supply received by a registered person from an unregistered person. w.e.f. 13.10.2017 RCM on this account is not payable, the exemption is granted till 30.06.2018

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Shiv Karwa

Shiv Karwa (Querist)

13 May 2018 after 30.6.18 rate of rcm on godown rent ? 18% or 5%

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

13 May 2018 https://www.caclubindia.com/share_files/services-considered-under-rcm-in-gst-75648.asp
Other than above exemption granted.
GST on Rent @ 18% is levied on all type of properties except Residential Properties.

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