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RCM on rent

mukund (manager) (480 Points)

18 July 2020

Is RCM is applicable on Rent given to unregistered person for FY 19-20?

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5 Replies

Vijayprakash P (1313 Points)
Replied 18 July 2020

No. RCM is not applicable on Rent

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mukund (manager) (480 Points)
Replied 18 July 2020

Ok sir
thanks

Shivam RC (Student) (23683 Points)
Replied 19 July 2020

No Sir RCM is not applicable in your case.

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ASHOK KUMAR (MANAGER ACCOUNTS) (187 Points)
Replied 19 July 2020

Why not applicable if more than 5000/- rcm applicable from unregistered person

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 20 July 2020

Dear Ashok
RCM on inward supply from URD has be deferred from 13/10/2017 vide Notification 38/2017 CT (R) , & by Amendment Act 31, 2018 , it's being inserted the RCM on inward supply from URD (Sec.9(4)) will be applicable on specified class of person & Goods. Thereafter in this regard the Notification 7/2019 CT (R) issued specifying the RCM on inward supply from URD Applicable on Promotor/Developer.

So as of today Section 9(4) is applicable only on Developers