RCM Related to Rent
subhagan sreerangam (7054 Points)
01 November 2024subhagan sreerangam (7054 Points)
01 November 2024
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5128 Points)
Replied 01 November 2024
In the case of rent, the following taxpayers are required to pay RCM: -
Businesses with a turnover of more than ₹1 crore in the preceding financial year -
The RCM tax paid can be claimed as input tax credit (ITC).
The claim can be made: - In the same month's return (GSTR-3B) -
Kishor Lulla
(993 Points)
Replied 02 November 2024
CA. Balkrushna Jobanputra
(Partner at B K H & Associates LLP Chartered Accountants)
(34 Points)
Replied 06 November 2024
we need to pay RCM on October 2024 month rent right?
Shruti Arora
(CA Practice )
(85 Points)
Replied 08 November 2024
wef 10/10/2024 its applicable so any amount paid / due after that date