1.renting of immovable property by central govt . to business entity taxable under rcm or not???
the same case to registered person is taxable on rcm
10 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 October 2018
@ Sourabh
Yes RCM is applicable its cover under 9(3) kindly Refer Notification 3/2018 CT (R) dt. 25/01/2018 Amends the notification 13/2017 CT(r)
s.no.5A
Services supplied by the Central Government, State
Government, Union territory or local authority by way of
renting of immovable property to a person registered
under the Central Goods and Services Tax Act, 2017
Hence RCM is applicable if the Recepient is registered.
Yes RCM is applicable its cover under 9(3) kindly Refer Notification 3/2018 CT (R) dt. 25/01/2018 Amends the notification 13/2017 CT(r)
s.no.5A
Services supplied by the Central Government, State
Government, Union territory or local authority by way of
renting of immovable property to a person registered
under the Central Goods and Services Tax Act, 2017
Hence RCM is applicable if the Recepient is registered.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 October 2018
Rahul
could not understand the post by you (its not readable)
could not understand the post by you (its not readable)
Sourabh Sen
(36 Points)
Replied 20 October 2018
rahul I asked rcm in same case but not for registered person but for business entity
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 20 October 2018
As per said notification the RCM is applicable if Recepient is Registered in GST, else No RCM applicable
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 20 October 2018
And in addition to my above reply Business entity availing Services cover under RCM is mandatorily to get registration in GST (As per Section 24 CGST Act)
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