Our Landlord owns a Commercial Property. Since his turnover is less than 20lakhs he has not taken GST Registration.
We, service receiver is a sec 8 company have the GST registration and use the property as our office.
The Land gives us monthly rental Bill without GST. We pay the bill after deducting the TDS.
Does this transaction attracts GST on reverse charge?
As per new GST rules notified on July 18,2022. RCM is applicable on renting of residential property only. I am in bit ambiguity same is applicable for commercial property.
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RCM Applicability on renting of Commercial Property
Replies (10)
RCM applicable
That means I need to pay RCM from July 2022 onwards? or prior to July 22 also?
RCM is not applicable. It is applicable ONLY on renting of immovable property for RESIDENTIAL purposes by an unregistered person to registered person.
RCM applicable if residential property is rented to you for commercial purpose as per recent clarification received from CBIC.
Can you please confirm this RCM is not applicable on renting of Commercial property by unregistered person to registered person?
RCM is not applicable in your case since commercial property is rented
Yes it's confirmed that RCM not applicable in case of renting of commercial property
Thanks to All
Welcome Dear
The commercial property is being given rent in the year 2017-18. Tenant is registered in GST and landlord is not registered. Does the tenant become liable in reverse charge?
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