RCM ON SHOP RENT
This query is : Resolved
24 July 2022
SIR, I AM A SMALL TRADER WITH TURNOVER 1.5 CRORE P/A , I PAY RENT OF MY SHOP 8000 PER MONTH, WILL I PAY TAX ON 8000 UNDER RCM ? . I AM CONFUSED BECOUSE THERE ARE MANY ARTICLES ON NET SOME ONE SAYS THAT RENT IS EXEMPT UPTO 10000 PER MONTH BUT I CAN NOT FIND ANY GOVT CIRCULAR , IF EXEMP PLZ PROVIDE NOTIFICATION OR CIRCULAR, IF NOT EXEMP PLEASE GUID ME.
24 July 2022
No such exemption available.
25 July 2022
RCM is not applicable on rent paid for shop if it is commercial property. RCM is applicable only when the residential property is taken on rent by the registered person.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- 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
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
