Dear Sir,
Our Landlord is a charitable trust, was registered under GST before but now their GST status is showing suspended.
we are a registered LLP firm.
Our landlord gave us a tax invoice for Rent of a property without GST.
The property is a commercial property & it is using for commercial purpose.
are we required to pay gst on RCM or any other rules applicable to us?
Please suggest.
and if possible please refer the CBIC circular no.
Thanks & Regards..
As per GST Act provides that GST on commercial property rent is to be paid by the registered service provider( landlord). No (RCM) applicable for GST on commercial property rent. However, it's important to note that this absence of RCM doesn't exemption for commercial rent under GST via forward charge mechanism (FCM).
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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