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RCM on Rent exemptions
Is thrush limit of 5000 id also applicable on rent or rent paid for commercial let out is below a limit is exempted. suppose a trader pays rent 6734 per month. Is he laible to pay gst or there is any limit to exempt from payment which he is not required to pay under RCM, if payable for July rent is paid in September when to pay RCM
Replies (2)
RCM will apply in this case as payment exceeds Rs 5000 in the month of payment
Yes. RCM is applicable in this case.
If it's july rent then Tax payable on or before 20th August...
Which is earlier (Books of Accounts or Payments) at the time PAY the RCM related tax.
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