Rcm on godown rent
This query is : Resolved
12 May 2018
we have a godown on rent. godown owner not registered under gst. is there rcm to be paid by us on godown rent . if applicable then what is rate of rcm.
12 May 2018
If your supplier (Owner) is not registered and you are registered then section 9(4) of CGST Act or Section 5(4) of IGST Act will come into picture. By virtue of respective notification tax is no longer required to be paid upto 30.06.2018. However, as a registered person you are required to follow other procedures like raising self invoice etc. failing which general penalty may be applicable for procedural lapse.
Would like to hear from other experts as well.
Would like to hear from other experts as well.
Message likes :
1 times
13 May 2018
Yes tax under RCM is no longer required to be paid upto 30.06.2018.
Message likes :
1 times
13 May 2018
RCM was payable for the period 1st July, 2017 to 12th Octoberr 2017 in case of supply received by a registered person from an unregistered person. w.e.f. 13.10.2017 RCM on this account is not payable, the exemption is granted till 30.06.2018
Message likes :
1 times
13 May 2018
after 30.6.18 rate of rcm on godown rent ? 18% or 5%
13 May 2018
https://www.caclubindia.com/share_files/services-considered-under-rcm-in-gst-75648.asp
Other than above exemption granted.
GST on Rent @ 18% is levied on all type of properties except Residential Properties.
Other than above exemption granted.
GST on Rent @ 18% is levied on all type of properties except Residential Properties.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- SEC 54 OF IT ACT
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- Form 26QB for TDS on property
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Whether still royalty
- Payable outstanding for years disallowance
- BLOCKED-INELIGIBLE GST CREDIT
- Amendment of September 2021 Invoice
- Residential status for filling income tax returns in India
- Deemed to be University shall pay gst on Bus fee collection from students
- Section 194LBB
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
