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Rent- itc

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9 Points Posted on 30 April 2024
if a business is paying rent for commercial property to an unregistered person.is there a liability to pay under RCM?
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On 30 April 2024 at 13:42 Report
Replies (7)
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Profession Business
28196 Points Posted on 30 April 2024
Rent paying for commercial property
not necesarrily
44 Reply
On 30 April 2024 at 15:08
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Chartered Accountant in Practice
1260 Points Posted on 30 April 2024

No. There is no requirement to pay GST under RCM in this scenario.

9 Reply
On 30 April 2024 at 17:27
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Practising CA
8954 Points Posted on 30 April 2024
Liability to pay RCM arises in case of rent payment for use of residential property by GST registered person
30 Reply
On 30 April 2024 at 19:41
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Accounts Manager
2070 Points Posted on 01 May 2024

No, there is no requirement for reverse charge mechanism on commercial property.  

1 Reply
On 01 May 2024 at 12:12
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26 Points Posted on 04 May 2024
RCM is not applicable to renting commercial property.
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On 04 May 2024 at 11:49
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9 Points Posted on 15 May 2024
Thank you
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On 15 May 2024 at 10:23
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Chartered Accountant in Practice
1260 Points Posted on 15 May 2024

No. There is no requirement to pay GST under RCM on commercial property taken on rent from unregistered person. 

9 Reply
On 15 May 2024 at 17:42


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