RCM on Rented out Residential Property for Commercial Purpose
Abhinav rathi (1 Points)
18 March 2023Abhinav rathi (1 Points)
18 March 2023
Lotus Agrawal
(Practice)
(1353 Points)
Replied 18 March 2023
CA Sorav Gupta
(Chartered Accountant)
(1000 Points)
Replied 20 March 2023
If you are having a place of business in another state, then as per CGST Act, 2017, you are mandatorily required to get the GST registration in that state also, Hence, the tenant is required to get GSTIN in the other state also.
RCM shall be payable under CGST & SGST.
I have assumed that the said property is being used for the purpose of business and that the outward supply is also being made from that place.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
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