should I pay rcm tax on rent
Menu
RCM on rent
Replies (8)
Not require, there is no provision which requires to pay tax tax on rent on RCM basis.
Normally no need to pay GST under RCM basis...
Can You explain with details...?
Can You explain with details...?
Because , Section 9(4) , the inward supplies from URD being deferred till 30/9/2019 & As per Amendment Act 31 of 2018, the Government will notify the class of registered person who will liable to pay tax on RCM in case of specified category Goods & Services & As of today such specified person & goods not been notified.
Hence No RCM is applicable on payment of Rent
Hence No RCM is applicable on payment of Rent
SIR we are opened new business we have pay rent 45000 tax extra i request to u can i deduct tds or not
Dear vairavan,
Kindly specify About 45,000 as monthly or yearly?
if monthly, then you can deduct TDS @ 10 % (As 45K * 12month =5,40,000 > 1,80,000 Limit for FY2017-18 & this limit has increased to 2,40,000 for F.Y. 2018-19. which is any ways higher than 5,40,000. so you will have to deduct.
thanks,we haven't TAN CERTIFICATE CAN WE DEDUCT TDS
You need to apply for TAN.
RCM is applicable w.e.f.1/02/2019 and in respect of Rents if the assets is residential house it is not necessary RCM if the assest is Business RCM had to pay
Recent Topics :
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
Related Topics :
CAclubindia
