GST on REnt
This query is : Resolved
15 August 2017
Rent for the month of July-17 paid to unregistered tenant in 4 instalments of 4500 each on diff dates (Total Rent-18000 per month)
Whether GST under Reverse Charge to be paid as the expense limit does not exceed 5000 pet day?
15 August 2017
No need to pay tax under RCM.
15 August 2017
Because per day payment is less than Rs.5000/-
15 August 2017
But, it's not a one day expense Rent is monthly based. Not, Weekly based...
In above View as per your reply ll be account :
Rent paid 01/07 to 07/07 Rs. 4500
Rent paid 08/07 to 15/07 Rs. 4500
Rent paid 01/07 to 07/07 Rs. 4500
15 August 2017
In CGST act RCM is to be paid payment wise not on accrual basis
15 August 2017
So,
I got any supplies from URD Rs. 1.5l. Then I give daily basis 5k it's not under RCM....!?!
or
get URD supply Rs. 10L then payment Rs. 5k daily basis it's not under RCM....
15 August 2017
The wording, reiterated below, of notification 8/2017 very clearly says "in a day", it is not average per day, it is different from the term "per day" . In a day means on a particular day and therefore, in my opinion averaging out the monthly expenses is not correct.
"Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day"
"Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day"
15 August 2017
Notification No.8/2017-Central Tax (Rate) New Delhi, the 28th June, 2017 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on being satisfied that it is necessary in the public interest so to do, on the recommendations of the Council, hereby exempts intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered, from the whole of the central tax leviable thereon under sub-section (4) of section 9 of the Central Goods and Services Tax Act, 2017 (12 of 2017): Provided that the said exemption shall not be applicable where the aggregate value of such supplies of goods or service or both received by a registered person from any or all the suppliers, who is or are not registered, exceeds five thousand rupees in a day.
15 August 2017
Dear Sirs @ Mr. Amol S Joglekar & Mr. N Jain.,
What is the exact reply for query resolving purpose...?
The Rent is paid as Split at 4installments as Rs. 4500 then RCM applicable or Not...?
What is the exact reply for query resolving purpose...?
The Rent is paid as Split at 4installments as Rs. 4500 then RCM applicable or Not...?
15 August 2017
The rent is a continuous service and can not be split into per day rent contract. In view of this, in my opinion, you should not try to avoid RCM. Pay it and live peacefully
15 August 2017
But if you go with notification, you can split it in parts & avoid payment under RCM.
15 August 2017
No...
It's wrong. Can't split it. It's also accounted full amount in a month. Which amount is in receipts/Invoices that amount only the value of the transaction...
It's wrong. Can't split it. It's also accounted full amount in a month. Which amount is in receipts/Invoices that amount only the value of the transaction...
15 August 2017
In that case if the landlord issues four separate receipts then RCM applicable?
15 August 2017
No way....
(Also small note: How to prepare the agreement..? Just Rs. 18000/month. So, It's not available...)
(Also small note: How to prepare the agreement..? Just Rs. 18000/month. So, It's not available...)
15 August 2017
No way....
(Also small note: How to prepare the agreement..? Just Rs. 18000/month. So, It's not available...)
(Also small note: How to prepare the agreement..? Just Rs. 18000/month. So, It's not available...)
15 August 2017
So long as the rent is charged on monthly basis (As against hotel room rent...which is charged on check out time / daily basis), irrespective of the fact whether the payment of rent is being made daily or otherwise, RCM becomes applicable.
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