Rcm on rent paid
This query is : Resolved
J. vijay kumar
(Querist)
05 August 2017
sir,
Ours is manufacturing pvt. ltd., co. We are paying rent to individual persons(Landlords) separately Rs.40,000/- for factory rent & Rs.4000/- as office rent (separate individuals/unregistered). They are not issuing any service bill.
Do as co. we need to pay GST under RCM on receiving rental services from them & can ITC be availed on same?
Ours is manufacturing pvt. ltd., co. We are paying rent to individual persons(Landlords) separately Rs.40,000/- for factory rent & Rs.4000/- as office rent (separate individuals/unregistered). They are not issuing any service bill.
Do as co. we need to pay GST under RCM on receiving rental services from them & can ITC be availed on same?
05 August 2017
Yes....
First of You can pay tax on RCM basis. Then you can get itc..........
First of You can pay tax on RCM basis. Then you can get itc..........
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