Rent paid (unregistered)



Hi

I have paid office rent of 4,600/-  to an unregistered landlord. I dont know  RCM and finding dit difficulet to post this entry in Busy.

While creating account of Rent Indirect in busy first i dont know which tax percentage/excempt/none and

Secondly ITC Eligibilty according to me should be Based on daily limit of 5000. But I am not sure.

Kindly assist especially on percentage. 

 
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If u r total services received from URD on that day not more than Rs.5000/- u need not to pay RCM as per sec 9 (4 )

Total likes : 1 times

 
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If it falls RCM tax rate 18%
 
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thanks. 

 
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*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.

Check your total expenses on 31st July 2017 Rs. 5,000/- crossed or not...

 
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