Rent under rcm

Sayed Nabil (385 Points)

09 March 2024

what is the percentage of rcm on rent for renting a house for business purposes

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7 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 09 March 2024

Eighteen Percentage

CA Rashmi Gandhi (Chartered Accountant) (86477 Points)
Replied 10 March 2024

Agreed with Raja Sir

It's 18%

sabyasachi mukherjee (27762 Points)
Replied 10 March 2024

Rent paid for the purpose of business is subject to gst after a specified threshold limit

Manoj Pandey (Finance Manager) (80 Points)
Replied 10 March 2024

RTP can pay tax under RCM ID business use.

sabyasachi mukherjee (27762 Points)
Replied 11 March 2024

Wrong perception

Manoj Pandey (Finance Manager) (80 Points)
Replied 11 March 2024

What is the specified threshold limit

CA Rashmi Gandhi (Chartered Accountant) (86477 Points)
Replied 21 March 2024

No threshold

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