GST RCM applicability on renting of any property whether includes land lease from an unregistered person to a registered person as per latest notification and circulars.
Ref Not no: 9/2024
Menu
GST RCM applicability on renting of any property whether includes land lease
Replies (5)
Quick Summary
Yes, the GST RCM provisions apply to renting of property, including land lease; when land owner is unregistered under GST while the tenant is registered person, and the land is utilized for any non agricultural use.
Thank you sir,
Sir just wanted to know from which Act, you are driving the defination of property in order to interpret the defination of property under GST Act?
Section 2(103) of the CGST Act, 2017: Defines "services" to include renting of property.
Section 7(1)(a) of the CGST Act, 2017: Includes renting of property in the scope of supply.
Schedule II, Entry 5 of the CGST Act, 2017: Specifies that renting of immovable property is a supply of services.
CBIC Notification No. 11/2017-Central Tax (Rate) dated June, 2017
CBIC Circular No. 151/ July /2023-GST dated July 2023
Dear sir,
Truly appreciate your efforts in resolving my concern.
Thank you for your prompt response.
Regards,
CA Yash Dhadiwal
Most welcome.
Recent Topics :
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
- Question on buy back of shares
- Saving corporate tax completely on profit from rea
- Hi experts need some helps
- A query regarding GST and Place of Supply:
- ADT-3 not filed by previous Auditor
Related Topics :
CAclubindia
