RCM ON RENT from 01.10.2024

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This query is : Resolved

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This discussion clarifies the applicability of the Reverse Charge Mechanism (RCM) on shop rent payments made from 1st October 2024. It confirms that RCM applies to rent paid by both composition dealers and regular taxable persons to unregistered individuals or firm partners. The applicable GST rate for RCM on shop rent is confirmed as 18%.

satish kumar Chauhan

satish kumar Chauhan (Querist)
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28 September 2024 R/experts

1. Is RCM applicable on shop rent paid by Composition dealer to unregistered person as per latest amendment.
2. Is RCM applicable on Shop Rent paid by Regular Taxable Person to unregistered person/partners of firm.
3. if RCM applicable, Rate of GST

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