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RCM ON RENT U/S 9(3)
SIR.IAM COMPOSITION DEALER UNDER GST ACT.IAM LIABLE FOR RCM U/S9 (3) ON RENT PAID OR IT IS EXEMPTED. PLEASE EXPLAIN SIR
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Quick Summary
As a composition dealer under the GST Act, you are not liable for RCM on rent paid under section 9(3) of the act.
Reference: Notification no:12/2017 of central tax (Rate) dt:28th June,2017 as amended by notification no.3/2019 central tax act (rate) dt: 29th March,2019.profides the exemption.
No rcm on rent, for composition dealer
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