Poonawalla fincorp
Poonawalla fincorp

RCM


03 August 2017 dear sir/madam, A registered dealer paying Shop rent of Rs.15000 per month to unregistered person, is this applicable for RCM.

03 August 2017 Yes RCM is applicable.

03 August 2017 Per day up to 5000 not required to RCM, 15000/30


03 August 2017 This exemption is for a day and not per person. If you are purchasing other goods and services from unregistered person then you will have to ensure that it doesnt exceed Rs 5000 in totality for that day. Otherwise you can claim exemption.

05 August 2017 if registered dealer receiving commercial rent below Rs.10000 per month from single shop and no other rents, in this case he should collect gst on that amount?



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