gst on rent
Harish purohit (audit manager) (38 Points)
21 November 2017
rent payment made by company to individual whether GST applicable or not ??
12 Replies
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 21 November 2017
GST rate of 18% is applicability on rent service under RCM up to 13 Oct 2017 .afterthat it is exempted by govt of India up to 31.03.218 and only for section 9 (4)
Harish purohit
(audit manager)
(38 Points)
Replied 21 November 2017
if rent paid out of state than GST is applicable or not ?
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 21 November 2017
| Originally posted by : Harish purohit | ||
 |
rent payment made by company to individual whether GST applicable or not ?? |  |
Commercial or Residential...?
Individual means employee or tenant...?
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 21 November 2017
| Originally posted by : Harish purohit | ||
|
commercial | |
GST is applicable for Commercial Rent as per threshold limit...
The Landlord is not registered under GST then You ll be pay tax under RCM basis. (From 1st July to 12th Oct-2017). From 13th no need RCM...
Harish purohit
(audit manager)
(38 Points)
Replied 21 November 2017
when payment made out of state then ??
Manu Kumar Rana
(New Updates )
(358 Points)
Replied 21 November 2017
as per earlier of GST law ,if unregistered person wants to do business in interstate with registered dealer , then GST registration is compulsory to get unregistered dealer under RCM
after that new notification have issued by govt of India as GST registration is not compulsory for doing interstate business under RCM,
after that new notification have issued by govt of India as GST registration is not compulsory for doing interstate business under RCM,
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 21 November 2017
| Originally posted by : Harish purohit | ||
|
when payment made out of state then ?? | |
As per my above reply continued to this and
You ll be pay tax and you can't avail ITC if the Landlord is URD...
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