Renting of immovable property in RCM
Bhargav Nirmal (107 Points)
26 March 2020Bhargav Nirmal (107 Points)
26 March 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 26 March 2020
it is covered under clause (5a)
Services (Renting of Immovable property)
Service supplied to registered person >> GST under RCM is payable by such Registered Person
Service supplied to unregistered person >> GST is payable under Normal Charge by Govt or Local authority
Bhargav Nirmal
(107 Points)
Replied 26 March 2020
RAJA P M
("Do the Right Thing...!!!")
(128083 Points)
Replied 26 March 2020
Bhargav Nirmal
(107 Points)
Replied 26 March 2020
RAJA P M
("Do the Right Thing...!!!")
(128083 Points)
Replied 26 March 2020
Bhargav Nirmal
(107 Points)
Replied 26 March 2020
RAJA P M
("Do the Right Thing...!!!")
(128083 Points)
Replied 26 March 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 26 March 2020
Bhargav Nirmal
(107 Points)
Replied 26 March 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 26 March 2020
Bhargav Nirmal
(107 Points)
Replied 26 March 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 26 March 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 26 March 2020
*** When it is sold.
Due know Actionable claims :
Lottery Betting Gambling Debentures Dividend on shares Right shares Negotiable instruments e.g. Bills of Exchange and Promissory Notes etc. Bank guarantee Fixed Deposit Receipt (FDR) Insurance claims Share in a partnership property
And out of above only Lottery, gambling & betting is taxable ... Why because ...it's being excluded in Schedule III
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 26 March 2020
** do you know Actionable claims
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