Reverse charge on rent
Prameet Chawla (27 Points)
27 July 2017Prameet Chawla (27 Points)
27 July 2017
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 27 July 2017
If the Tenant is Unregistered then no more effect on rent paid.
But,
The tenent is registered as Regular Dealer or Composition Dealer then he ll be pay Tax under RCM base if the landlord is unregistered.
The landlord is registered then the Registered Regular Dealer (tenant) is received taxable receipt he can get ITC.
If the tenant is Composition Dealer He can't available ITC. But, Don,t pay tax under RCM base If the landlord is registered...
Ahmed Ali
(388 Points)
Replied 27 July 2017