is RCM applicable on commercial property rent.
landlord unregistered
tenant registered under GST
2 Replies
Shivam RC
(Student)
(23683 Points)
Replied 19 October 2020
No...
RCM is not applicable on Rent of Commercial Property. After the CGST ( Amendment ) Act 2018, Section 9(4) i.e. RCM on Purchase from Unregistered Dealer has been made applicable only on Notified Goods or Services when procured by Notified Persons. As of now only Developers / Promoters ( Real Estate Sector ) are notified for RCM U/s 9(4) of the CGST Act 2017.
Hence no RCM required in your case since it is not a notified supply.
RCM is not applicable on Rent of Commercial Property. After the CGST ( Amendment ) Act 2018, Section 9(4) i.e. RCM on Purchase from Unregistered Dealer has been made applicable only on Notified Goods or Services when procured by Notified Persons. As of now only Developers / Promoters ( Real Estate Sector ) are notified for RCM U/s 9(4) of the CGST Act 2017.
Hence no RCM required in your case since it is not a notified supply.
Recent Topics
- Tyres purchased ITC clime?
- LUT Number on Invoices
- HSN Summary B2B and B2C
- DRC-01 Demand Notice for filing GSTR-9 Wrongly
- Income Tax for freelancing services
- Income Tax Return Filing Reg
- DRC 03 payment method
- GST Registration for Service Providers
- Tax for individual freelancing service providers
- LUT Number confusion! ARN or Reference Number
Related Threads
CAclubindia
