My office is on rent. Owner of the property is Not registered under GST. I am a Regular Dealer under GST. Will I have to deposit GST as Reverse Charge on the rent paid.
22 Replies
alpa
(accountant)
(22 Points)
Replied 09 August 2017
I am paying annual rent of Rs 360000 to a company not registered under Gst. I am registered under Gst. Do I have to pay gst under rcm even if the rent paid is below 20 lacs?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195623 Points)
Replied 09 August 2017
Once you are registered, any purchase from unregistered dealer above Rs. 5000 is liable to pay GST under RCM. So, the liability to pay GST under RCM for the rent paid arises over you. You can take ITC of the same, if your supplies are also taxable.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 09 August 2017
Yes you have to pay under RCM.
The threshold of 20 Lacs is not to be seen in case of RCM.
Pradeep Kaushal
(ACCOUNTANT )
(59 Points)
Replied 09 August 2017
Hi Ma'am,
i have received bill from Law firm. 1. should i pay reverse charge under GST.
2. Should i make invoice or debit note. please suggest.
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 09 August 2017
If its regd firm, it will charge GST from you..
If its unregd, you have to pay under RCM.
Pradeep Kaushal
(ACCOUNTANT )
(59 Points)
Replied 09 August 2017
Yes , this is un register. now should i have to raised invoice or debit note.
Thanks for suggestion...:)
rajni sharma
(none)
(444 Points)
Replied 10 August 2017
sir i am manufacturer or
trader and paying office rent is that comes under RCM mechanism ?
trader and paying office rent is that comes under RCM mechanism ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195623 Points)
Replied 10 August 2017
@ Pradeep Kaushal: You have to raise self invoice for amount paid, under RCM
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195623 Points)
Replied 10 August 2017
@ rajni sharma: If the office owner is not registered and you are registered under GST, then yes you have to pay GST over rent paid under RCM
rajni sharma
(none)
(444 Points)
Replied 10 August 2017
sir..if office owner is registered ..than?...
and same in transportation if gta is reg.person than will rcm applicable?
and same in transportation if gta is reg.person than will rcm applicable?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195623 Points)
Replied 10 August 2017
Then the office owner will charge GST over rent.
In case of GTA....... if dealer/service receiver is registered, he has to pay GST over GTA under RCM.
rajni sharma
(none)
(444 Points)
Replied 10 August 2017
thank u sir......if a party book goods for another party on to pay basis on a transport...neither sender party of goods nor receiver pa
rajni sharma
(none)
(444 Points)
Replied 10 August 2017
thank u sir
but m still m confused
sir neither sender of goods for receiver registered under gst for transportation ....than who will pay....will transport agency pay the gst?
but m still m confused
sir neither sender of goods for receiver registered under gst for transportation ....than who will pay....will transport agency pay the gst?
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