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composition scheme

Others 151 views 8 replies
I have a client paying 35k rent and it is a part of his expenses. Owner is not registered and earning rent amount of less than 10lakhs in a year. So still client is liable to pay tax for the rent paid to gst? 18% of the rent to gst? 5% turnover with 18% tax of rent?
please let us know if any one knows about it
Replies (8)
You have to pay @ 18% on rent under RCM even if you registered in composition or selling 5% taxable goods.
The T/O tax is based your business transactions...
The RCM related tax is The tenant is URD position. So, it is not connected...
You ll be pay Tax under RCM basis @ 18% on rent...
thank you so much Rashmi JI and Raja for quick answers.
so we have to pay tax and we will not be able to claim under composition scheme

Yes...

You can't claim RCM related Tax paid amount...

 

 

(So, Only i'm not advise to register as Composition scheme to My Clients...)

Really appreciate your fast response sir. can I have your number? I just have two more queries. please help
Welcome ......Pleasure is mine.....
Originally posted by : Joy Krish
Really appreciate your fast response sir. can I have your number? I just have two more queries. please help

Dear Joy Krish...,

You want queries ask here at CCI portal. Answers from Many more Experts and Participants...


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