RCM applicable on Brokerage and commission paid to unregistered person ?
It is related to Transfer development Right (TDR) transaction ?
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RCM applicable on Brokerage paid to unregistered real estate broker
Replies (4)
RCM not applicable on brokerage.
If any contract between person and regd Real estate under gst for a commission .
If there is not contract between company and unregistered person.
the commission paid to agent is cover under RCM ?
the commission paid to agent is cover under RCM ?
No there is no RCM on commission paid to URD.
As per the notification 5/2019 the liability to
pay tax on TDR is on promotor under RCM .
So in that case if it is a portion of TDR amount then in that case the person (promotor) is liable to pay tax under RCM
As per the notification 5/2019 the liability to
pay tax on TDR is on promotor under RCM .
So in that case if it is a portion of TDR amount then in that case the person (promotor) is liable to pay tax under RCM
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