Renting service of commercial property

741 views
User Avatar

Going...to be C.A soon...
1055 Points Posted on 23 January 2023

Hi All

My query is as under for GST related-

There are 4 individual co-landlords (Unregistered under GST) provides their COMMERCIAL Property to FIRM (Registered under GST) (Rent sharing ratio amongst Co-Landlord is 35:35:20:20)

and Value of renting services is Rs. 24 Lacs annually

Q1- Whether GST is applicable under RCM or not?

 

 

0 Reply Share Follow
On 23 January 2023 at 13:26 Report
Replies (2)
Quick Summary
This discussion clarifies GST applicability for commercial property rentals. Four unregistered co-landlords are renting their property to a GST-registered firm, with annual rent totalling £2.4 million. The key question is whether GST applies under the Reverse Charge Mechanism (RCM). The consensus is that renting commercial property is not covered under RCM.

User Avatar

Profession
19974 Points Posted on 23 January 2023
Renting service of commercial property to firm and value ofcrenting services.
Reply
On 23 January 2023 at 18:22
User Avatar

Practising CA
5649 Points Posted on 24 January 2023
Renting of Commercial property is not covered under RCM.
Reply
On 24 January 2023 at 01:09

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. UDIN generation
  2. Reply plz guys
  3. Tax Deduction and Collection Account Number
  4. Where can students practice XAT PYQs effectively?
  5. Gst on Guest house 5% without ITC
  6. How do you collect documents from clients for ITR
  7. GST ITC on Construction/ Tenant Specific Renovatio
  8. GST Treatment and Reporting of Share & Mutual
  9. AGM Defective Notice
  10. IMS Rejection of Sales and Sales return

More recent discussions | Post

Related Topics :

Loading

Latest Job Openings

View all
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
27 August 2026
ACCOUNTANT

CHARUPREETI & CO

Noida

Graduate (Any)

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details