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rcm applicability

kaushal laturiya (article ) (266 Points)

11 September 2017

I have registered under gst act as composition dealer and taken shop on rent basis from a lady on rs.10000.00 per month , whether I have to pay gst on reverse charge basis for shop taken on rent , and same this case but another business place taken from municipality on rent basis worth rs. 1800 per month whether both cases attract gst on reverse charge ?

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3 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 11 September 2017

1. Rs. 10000 is tax payable under RCM basis.
2. Basically it's not coming under RCM. But, If you ll be pay the Rent on same day (1000 & 1800) In one day then you ll be pay Tax under RCM basis in both.
Otherwise you ll be make below 5k transaction for 1800 then no need pay Tax under RCM basis....

kaushal laturiya (article ) (266 Points)
Replied 12 September 2017

both cases are different. there are 2 businessman one pay rs. 10000 per month to lady and another person pay rs. 1800 to municipality, but both are in composition scheme. whether both cases attract rcm ?