Rcm on Rent

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shobhit

shobhit (Querist)
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12 September 2019 Is RCM applicable if rent 5000/- per month of a shop or Commercial purpose

A.S.SUNDARARAJAN

A.S.SUNDARARAJAN (Expert)
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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.

RAJA P M

RAJA P M (Expert)
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13 September 2019 No... RCM Not applicable if supplies received from URD as per sec 9(4) of CGST act.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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13 September 2019 No RCM is applicable on rent unless notified u/s 9(4).

A.S.SUNDARARAJAN

A.S.SUNDARARAJAN (Expert)
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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.