Rcm on Rent
This query is : Resolved
12 September 2019
Is RCM applicable if rent 5000/- per month of a shop or Commercial purpose
12 September 2019
Yes. If the rent is charged by landlord and his rental income is less than Rs.20,00,000/- per annum , there is no need to register. Then lessee is to pay GST under RCM and we can avail credit in the month in which GST payment is made.
13 September 2019
No...
RCM Not applicable if supplies received from URD as per sec 9(4) of CGST act.
13 September 2019
No RCM is applicable on rent unless notified u/s 9(4).
13 September 2019
Sorry. My earlier reply is wrong. After seeing the reply from Mr.Raja and Abhieshek Goyal , i have gone through the provisions of section 9(4) CGST act and no RCM is payable for URD by registered dealers except for specified persons and specified supplies/ services. But the Government is notified any specified persons and services till date.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
