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Reverse charge for composition scheme taxpayer

RCM 528 views 5 replies
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54 Points Posted on 02 October 2017
is reverse charge is applicable on gst composition scheme taxpayer in case of shop rent, transportation and sundry expenses.
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On 02 October 2017 at 10:32 Report
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ACCOUNTANT
278 Points Posted on 02 October 2017
yes commercial rent is applicable for rcm so if u pay shop rent without gst to land owner then you have to pay rcm 18% on rent amount. as well as transport service too
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On 02 October 2017 at 10:44
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Accounts Manager
1466 Points Posted on 02 October 2017

yes gts is payble under rcm if applicable

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On 02 October 2017 at 11:42
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54 Points Posted on 02 October 2017
and what about expenses for composition dealer..... and is composition dealer can pay gst on rent under rcm basis.
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On 02 October 2017 at 13:32
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ACCOUNTANT
278 Points Posted on 02 October 2017
yes any one who pay commercial land rent liable for rcm on rent and if he pay residential land rent then no need to pay rcm. becauae residential rent is fully exempt.
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On 02 October 2017 at 15:43
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"Do the Right Thing...!!!"
128152 Points Posted on 02 October 2017
No more difference for RCM related expenses to Regular dealer and Composition dealer. Both are registered under GST also RCM related activities applicable to both RD dealer....
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On 02 October 2017 at 15:55


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