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Pls advice me on rcm on rent
My tenant is a charitable trust n they so do not have gst means they r not registered with gst n the rent is 3 lac per month . I paying gst from my pocket . Is there ny process of RCM Or ITC ?
Replies (2)
Yes. You ll be pay Tax under RCM basis then you can get ITC....
(No more feel the tax from your pocket. Bcoz, In case the tenant is register then he ll be collect Tax 3lakhs + Tax)
(No more feel the tax from your pocket. Bcoz, In case the tenant is register then he ll be collect Tax 3lakhs + Tax)
You are supplier in this situation and you can charge GST from your tenant (i.e. trust). In case you don't charge it, you'll have to reverse calculate it from 3 lac. Whether tenant is registered or not doesn't make any difference to you except separate reporting in GST returns.
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