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RCM on rent
Is RCM is applicable on Rent given to unregistered person for FY 19-20?
Replies (5)
Quick Summary
No. RCM is not applicable on Rent
Ok sir
thanks
thanks
No Sir RCM is not applicable in your case.
Why not applicable if more than 5000/- rcm applicable from unregistered person
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
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