RCM ON RENT OF PROPERTY BY COMPOSITION DEALER
This query is : Resolved
18 November 2024
oNE OF MY FRIEND WHO IS A COMPOSITION DEALER HAS GIVEN ONE OF HIS COMMERCIAL PROPERTY TO rEGISTERED PERSON. wHAT WILL THE POSITION OF gst WHETHER IN fcm OR rcm AND AT WHICH RATE.
18 November 2024
The composition dealer cannot charge GST on the rent invoiced to tenants because composition dealers are not allowed to collect GST from their customers. The dealer have to opt out of the composition scheme (unless supplies are within limit as per sec 10 CGST act) and switch to the Normal GST regime & charge GST under FCM.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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 einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
