I am RD in GST. I used a Machine like crean, dumper etc from local URD as a Rent for Rs 40000/- month.
now question is whether it is fall in RCM?
the URD not charge gst from his invoice.
what is the treatment of this type of rent service taken from URD dealer
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Rent of plant machinery
Replies (4)
Quick Summary
As per GST law not pay rcm on this purchased service. But Tds also to be deducted on this service as per income tax act.
No RCM is applicable in this case.
No RCM applicable .
Section 9(4) has been amended by Notification 7/2019 CT (r) , RCM on inward supply from URD applicable only on promoters/devloper.
Section 9(4) has been amended by Notification 7/2019 CT (r) , RCM on inward supply from URD applicable only on promoters/devloper.
Rent of plant and machinery. Sec 194 I so tds is deductible.
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