RCM on rent

RCM 990 views 12 replies

sir i pay 8000 rent monthly as godown rent how will make entry in gst do i have to pay gst on such rent on monthly basis and at what rate

Replies (12)

GST under RCM to be paid at 18%.... as and when rent is paid........

No Rcm blow 10000 rs per month rent of commercial space
mr ajay singh, what is d source of this information of rcm free rent up to 10000
plz check exemption list

As per the Exemption, its specified only to Religious Places:

Services by a person by way of-
(a) conduct of any religious ceremony;
(b) renting of precincts of a religious place meant for general public, owned or managed by an entity
registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961
(hereinafter referred to as the Income-tax Act), or a trust or an institution registered under sub
clause (v) of clause (23C) of section 10 of the Income-tax Act or a body or an authority covered under clause (23BBA) of section 10 of the Income-tax Act:

Provided that nothing contained in (b) of this exemption shall apply to,-
(i) renting of rooms where charges are Rs 1000/- or more per day;
(ii) renting of premises, community halls, kalyanmandapam or open area, etc where charges are Rs
10,000/- or more per day;
(iii) renting of shops or other spaces for business or commerce where charges are Rs 10,000/-or
more per month

Hence, RCM applicable as said by above experts.

sir so will we have to pay rcm or not on rent please give simple answer
please pay
ok thanx
i guess, you can avoid rcm by paying him twice, 4000 rs, as it will b below 5000...
@ Shaleen.,
RCM is applicable...

Entry means,
Where....?
@ Anil Lahoti.,
You said wrong. It's not applicable that way...

U cant pay rent twice in a month. This splitting wont help. Ultimately at the end of the ,onth under the ledger, the total amount reflected will be more than 5000.


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