Tax payable or not
This query is : Resolved
19 July 2018
Mr. A is in receipt of LIC Commission of Rs. 16 Lakhs which they receive after deduction of GST by LIC Company and he is not required to pay GST on it.
Now Mr. A is also receiving rent from a commercial property of Rs. 8 Lakhs.
I want to know whether Mr. A is required to take registration and pay GST on rental receipts as the gross receipts in total has crossed the threshold limit.
Now Mr. A is also receiving rent from a commercial property of Rs. 8 Lakhs.
I want to know whether Mr. A is required to take registration and pay GST on rental receipts as the gross receipts in total has crossed the threshold limit.
Udaya Chandran
(Expert)
20 July 2018
As per my opinion, turnover doesn't include the supplies on which tax payable on RCM. No registration is required.
20 July 2018
Dear Udaya Chandran.,
Can You explain where is RCM paid this transaction?
Can You explain where is RCM paid this transaction?
Udaya Chandran
(Expert)
20 July 2018
Insurance commission under RCM
20 July 2018
Pls clarify the RCM...
Who is service provider and who is receipient?
Who is service provider and who is receipient?
Udaya Chandran
(Expert)
20 July 2018
Agent is the service provider and LIC is the recipient, recipient has to pay 100% RCM
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