RCM on Rent

This query is : Resolved

Mohith Guptha (Querist)
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18 March 2020 Dear Sir/Madam,

I would like to have clarification if RCM is applicable on Rent to a PVT LTD Company, if the property which company has taken on lease belongs to 6 directors of the company. The Rent for the lease given to company is not exceeding 10 lakhs per annum to each individual director, but where as if total income from rent considered to each of the directors, then 4 directors shall cross the 20 lakh rental income per annum and this 4 directors are registered under GST. Each of the directors receive salary from the company and no other fees are being paid to them.

Here, i request to clarify is about RCM applicability on company, as 2 directors are not registered under GST they cannot provide GST invoice to the company, how do i need to consider these transaction?

Thanks in advance.

Awaiting for your Kind reply.

Regards
Mohith

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 March 2020 RCM applicable on any service(lease will be considered as service under GST) provided by directors

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