RCM on rent
mukund (manager) (482 Points)
18 July 2020
Is RCM is applicable on Rent given to unregistered person for FY 19-20?
5 Replies
ASHOK KUMAR
(MANAGER ACCOUNTS)
(187 Points)
Replied 19 July 2020
Why not applicable if more than 5000/- rcm applicable from unregistered person
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 20 July 2020
Dear Ashok
RCM on inward supply from URD has be deferred from 13/10/2017 vide Notification 38/2017 CT (R) , & by Amendment Act 31, 2018 , it's being inserted the RCM on inward supply from URD (Sec.9(4)) will be applicable on specified class of person & Goods. Thereafter in this regard the Notification 7/2019 CT (R) issued specifying the RCM on inward supply from URD Applicable on Promotor/Developer.
So as of today Section 9(4) is applicable only on Developers
RCM on inward supply from URD has be deferred from 13/10/2017 vide Notification 38/2017 CT (R) , & by Amendment Act 31, 2018 , it's being inserted the RCM on inward supply from URD (Sec.9(4)) will be applicable on specified class of person & Goods. Thereafter in this regard the Notification 7/2019 CT (R) issued specifying the RCM on inward supply from URD Applicable on Promotor/Developer.
So as of today Section 9(4) is applicable only on Developers
Recent Topics
- Tenant rent reflecting wrongly in AIS
- Is Godown construction ITC Eligiblility
- RCM on import service FY 17-18
- PF Registration (MCA)
- Tax RATE on Statues
- LTCG or STCG on sale of property
- RCM LORRY FREIGHT
- Indirect export query
- Need help with Exclusion Ratio in Taxation on Annu
- GST TURNOVER not seen in 26 AS
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
