RCM on Rent Paid by Composition Dealers
acman support (1 Points)
09 January 2025
is rcm on rent payable by composition dealers under RCM
2 Replies
CA Shyam Agarwal
(Profession)
(22 Points)
Replied 10 January 2025
Yes, In case the tenant is a Composition dealer registered u/s 10, and the landlord is Unregistered, Composition dealer is required to pay under RCM. Also he cannot claim ITC on the same. It becomes the cost of establishment.
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(14026 Points)
Replied 11 January 2025
recently the GST council meeting it was decided to exclude composition tax payers from payment of RCM on commercial rent from unregistered suppliers.
Recent Topics
- AY25-26 ITR2 Excel utility
- Validity of Supplementary Reports and Scrutinizer'
- 80 D Health insurance deduction
- Demand raised for interest on short payment of tax
- Any improvement in ITR processing time now?
- Itr 4 is balance sheet compulsory
- Interest from SCSS in post office
- TDS Not claimed for FY 2023-2024
- GST 2 Unit
- GST on sale of Old Vehicle commercial
Related Threads
Trending Online Classes
CAclubindia
