Rcm on residential dwelling

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This discussion clarifies the application of the new GST notification regarding the Reverse Charge Mechanism (RCM) on residential dwellings. It specifically addresses whether RCM applies to all rental expenses recorded in the books of accounts or only to rent paid directly to the owner for residential purposes. The focus is on understanding the scope of the notification concerning residential units and associated charges.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)

03 August 2022 As per the new gst notification regarding application of RCM on residential dwelling, is the same applicable all rental expense om books of accounts other than FCM

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

04 August 2022 Only on rent paid to owner.

SHYAM KRISHNAN K

SHYAM KRISHNAN K (Querist)

04 August 2022 My question is whether the same has applicable on all rental expense in my books of account or only for rent paid for residential purpose

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

04 August 2022 The notification covers residential units.
Other residential charges are mostly charged by owners.

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