RCM not paid on Rent paid to unregistered land lord.
This query is : Resolved
05 April 2023
Sir,
One of my friend is running a proprietary business and his office is housed at a Rental premises. The land lord is an individual and does not have any GST registration. My friend has not paid RCM on rent till now ( Feb 23 ). What is the remedy ? Is it enough, if he pays RCM on rent from March 23 onwards ? Can he take input credit on such payment ?
Please advice.
One of my friend is running a proprietary business and his office is housed at a Rental premises. The land lord is an individual and does not have any GST registration. My friend has not paid RCM on rent till now ( Feb 23 ). What is the remedy ? Is it enough, if he pays RCM on rent from March 23 onwards ? Can he take input credit on such payment ?
Please advice.
06 April 2023
RCM applicable only in case of residential property let out for commercial use.
09 April 2023
Thank you Sir. But, what is the classification for a " Residential Property ". Pls. advice sir.
10 April 2023
Check property tax payment catagory residential or commercial.
10 April 2023
Ok Sir. Thanks a lot.
10 April 2023
You are welcome..
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