I have taken hostel Franchise with Amigo and from Oct 25 collecting 5% GST without ITC - Rent below 7500/- - and i have takne the building lease with unregistered person MOnthly Rent Rs.200000 and decuting IT tDS - 20000 i want to know i want to pay RCM for Rent 2,00,000 - RCM AMount 18% - 36000 in GST or not and if i pay the RCM and can avail the RCM paid ITC and adjust the amount with OUtput Tax 5% - all other ITC Commisson , purchase are showning as ineligible ITC because collection 5% Tax Without ITC - Kinldy do the needful
Menu
GST - RCM - for Commercial Building Rent
Replies (1)
You must pay ₹36,000 GST under RCM on ₹2,00,000 rent because landlord is unregistered. However, since you charge 5% GST without ITC, the RCM paid cannot be claimed as ITC and cannot be adjusted against output tax — it becomes a business expense.
Recent Threads
- GST - RCM - for Commercial Building Rent
- Exemption from Penalty for delayed Board meeting
- TDS ON PROFESSIONAL FEES IN NON AUDIT CASE
- Penalty are applicable on short payment of GST
- Closing Stock111
- INVOCIE GENERATED FROM ONE COMPANY AND EWAY BILL G
- Ineligible itc under section 16(4) & itc restr
- Itc on when mixed sales percent in hospitality
- Apply for GST registration while working in MNC
- Deferment period for Advance Tax under Section 234
Related Threads
CAclubindia
