RCM ON LEASE RENT

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Finance Professional
67 Points Posted on 20 May 2021

Sir,

 I would like to know if gst is applicable on rcm basis on professional fees and lease rent for services received from unregistered dealer to registered dealer.

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On 20 May 2021 at 18:51 Report
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Quick Summary
This discussion clarifies whether GST is applicable on a Reverse Charge Mechanism (RCM) basis for lease rent and professional fees received by a registered dealer from an unregistered dealer. The consensus is that RCM is not applicable in this scenario, meaning GST is generally not charged or payable by the registered recipient in such cases.

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GST Consultant
15986 Points Posted on 20 May 2021
RCM not applicable. If received from unregistered person then gst not applicable
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On 20 May 2021 at 20:03
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Chartered Accountant
24588 Points Posted on 20 May 2021
No RCM is not applicable
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On 20 May 2021 at 20:44

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