Rcm pay on rent paid to urd person for composition dealer

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B.com
3026 Points Posted on 24 April 2023
A registered composite scheme dealer sales of goods turnover rs:80 lacs composite tax 1 precentage pay only.but dealer rent pay to urd person of commercial property rs:1,20,000/- yearly f.y.22-23.
question:
dealer rent pay transaction rcm applicable and rate of tax paid
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On 24 April 2023 at 09:14 Report
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Quick Summary
This discussion explores whether a registered composition dealer, paying 1% tax on sales turnover, is liable for Reverse Charge Mechanism (RCM) on rent paid to an unregistered person for commercial property. The consensus is that RCM is generally not applicable in such cases, as it typically applies to residential property rented to registered entities.

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Tax consultant
552 Points Posted on 24 April 2023
Rcm applicable only to residential property let out to registered person.
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On 24 April 2023 at 10:16
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GST Practitioner
55067 Points Posted on 27 April 2023
No RCM applicable
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On 27 April 2023 at 00:06

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