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RCM on rent

Jay Sharma (2 Points)

06 March 2019

should I pay rcm tax on rent

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8 Replies

satish Motipalli (Student CA Final ) (119 Points)
Replied 06 March 2019

Not require, there is no provision which requires to pay tax tax on rent on RCM basis.

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 06 March 2019

Normally no need to pay GST under RCM basis...

Can You explain with details...?

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 06 March 2019

Because , Section 9(4) , the inward supplies from URD being deferred till 30/9/2019 & As per Amendment Act 31 of 2018, the Government will notify the class of registered person who will liable to pay tax on RCM in case of specified category Goods & Services & As of today such specified person & goods not been notified.

Hence No RCM is applicable on payment of Rent

vairavan (accountant) (45 Points)
Replied 06 March 2019

SIR we are opened new business we have pay rent 45000 tax extra i request to u can i deduct tds or not

Rajat (Accounts executive) (26 Points)
Replied 07 March 2019

Dear vairavan,

Kindly specify About 45,000 as monthly or yearly?

if monthly, then you can deduct TDS @ 10 % (As 45K * 12month =5,40,000 > 1,80,000 Limit for FY2017-18 & this limit has increased to 2,40,000 for F.Y. 2018-19. which is any ways higher than 5,40,000. so you will have to deduct.

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vairavan (accountant) (45 Points)
Replied 08 March 2019

thanks,we haven't TAN CERTIFICATE CAN WE DEDUCT TDS

Shirish Shome (other) (276 Points)
Replied 08 March 2019

You need to apply for TAN.

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RAMA RAJU RAMAIAH (Advocate-Tax consultants) (58 Points)
Replied 18 March 2019

RCM is applicable w.e.f.1/02/2019 and in respect of Rents if the assets is residential house it is not necessary RCM if the assest is Business RCM had to pay