A registered composite dealer sales turnover 1 tax pay only.but dealer rent pay to un registered person for commercial property rs:1,20,000/- year f.y.22-23.
question:
dealer rcm applicable on rent in gst act
Menu
Rcm pay compulsory for composite dealer
Replies (1)
Though composition dealer is also liable to pay GST under RCM whenever applicable under the act.
As rent on commercial property by URD is NOT chargeable, the RD under Composition need not pay RCM over the rent on commercial property.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
