CA.Rahul Jain (Partner) (108 Points)
04 July 2017A GST registered person is paying an office rent of Rs.5000 P.M to an individual who is not registered under GST. Please guide whether the tenant has to deposit GST under RCM on this?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173203 Points)
Replied 04 July 2017
Yes.......
But if you wish, can take advantage of petty cash expense limit of Rs. 5000/- par day.
gurumurthy
(B.Com)
(31 Points)
Replied 04 July 2017
RAJA P M
("Do the Right Thing...!!!")
(128068 Points)
Replied 04 July 2017
| Originally posted by : Dhirajlal Rambhia | ||
 |
Yes....... But if you wish, can take advantage of petty cash expense limit of Rs. 5000/- par day. |
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Dear Mr. Dhirajlal Sir.,
Please clarify the petty cash limt.
Rs. 5000/- per day From Petty cash or Rs. 5000/- per day to Single person sir....?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173203 Points)
Replied 04 July 2017
Aggregate of Rs. 5,000/- expenses per DAY (single or multiple voucher, totally), exempted from RCM. (I.e. about 1.50 lakhs PM !!!)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173203 Points)
Replied 04 July 2017
@ gurumurthy: Once you are registered, you can amend/add other details of your profile afterwards.......
jayesh
(accountant)
(361 Points)
Replied 05 July 2017
company pay employee's guest house rent rs.9000/- then gst is applicable or not
naveen
(business)
(25 Points)
Replied 11 August 2017
Sir,
if amount exeeds rs 5000 then what rate % will apply.
can we get input for rcm paid also ?
I am a trader paying freight for goods inward supply.
what % for rcm ? can we get input ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173203 Points)
Replied 11 August 2017
The rates are applicable as per the supply criteria, e.g. for rental of commercial office/shop at 18%. When supplier is not registered, then the RD receiver has to pay the same under RCM. Yes, ITC over the GST paid under RCM (self invoice raised) is available very next month.
ITC for GST paid over GTA under RCM is also available, to service receiver.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173203 Points)
Replied 11 August 2017
@ Jayesh: there is hair-thin differentiation over guest house and residential accomodation provided to an employee.
Generally, it will be treated as taxable.
jayesh
(accountant)
(361 Points)
Replied 11 August 2017
company pay Rent of Residential house for company employee in this case gst is applicable
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