RCM on rent

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...?

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

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