REGARDING GST ON COMMERICIAL PROPERTY
This query is : Resolved
17 November 2024
LANDLORD UNREGISTER
TENNAT: REGISTER
MONTHLY RENT PAID 20000 RS PER MONTH
ANNUAL RENT 240000
NOW RCM APPLICABLE ON TENNAT
RCM ON 20000 * 18%=
OR 20000 INCLUDING RCM
CONFUSED
TENNAT: REGISTER
MONTHLY RENT PAID 20000 RS PER MONTH
ANNUAL RENT 240000
NOW RCM APPLICABLE ON TENNAT
RCM ON 20000 * 18%=
OR 20000 INCLUDING RCM
CONFUSED
17 November 2024
When rent paid is 20K RCM will be 20000 * 18%.
17 November 2024
240000 limit not deduct of tds
now we are liable to deduct tds as per income tax law sir
now we are liable to deduct tds as per income tax law sir
17 November 2024
No. As per IT act you are exempted to deduct TDS till the said limit. GST paid under RCM is not included in rent.
Moreover you can claim back the GST amount by ITC claim in the same month.
Moreover you can claim back the GST amount by ITC claim in the same month.
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