I pay Rs 4000 as rent for the property where I do my business, to my father. Is RCM applicable? If no, then any specific treatment for this in GSTR3B?
3 Replies
anonymous
(student)
(750 Points)
Replied 20 September 2017
NO.. THERE IS AN EXEMPTION OF 5,000P.D. IN RCM..
SO YOU ARE NOT COVERED IN IT
basanth
(CA,CS (FINAL))
(102 Points)
Replied 27 September 2017
Hi,
If you have any expenses (on which GST is applicable) in addition to rent which is equal to 5000, then RCM will be applicable.
Say Rent 4000 and other expenses say printing and stationery or transport of Rs1000) then RCM will be applicable.
If there is only rent of Rs4000/- then RCM will not be applicable. In this case you need to show this amount in exempt column in GSTR-3B
Deepak Kumar
(12 Points)
Replied 06 October 2017
Dear all
Pls explains that some transporter is register in gst but not charge by him and he say that its charge by you means me pls explain what shuould treat by me
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