commercial rent
Anil Lahoti (88 Points)
21 August 2017please also clarify in case the rent is below 5000.
Anil Lahoti (88 Points)
21 August 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 21 August 2017
You need to know that there are some notified services for which RCM is mandatory, GTA is one of them. Limit of 5000/- is not applicable on these supplies..
Secondly RCM is also applicable on purchase from unregd dealer, the rent on commercial property in your case falls here. The limit of 5000/- per day can be availed here.
Kaushik Deepak (KD)
(Officer Accountant)
(1136 Points)
Replied 21 August 2017
There is also a GTA of 18 services under the Reverse Charge approved by the GST Council. So in case of GTA RCM is mandotory