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Rcm under gst

ANIL KUMAR KHETAN (PROPRIETOR) (523 Points)

26 August 2020

rent regards commercial property paid to unregistered person , liable this type expenses liable RCM by registered person under gst , please clarify position at present

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7 Replies

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 26 August 2020

If you are registered person Paying rent regarding commercial property to unregistered person, than there is no RCM liability because RCM is not applicable in this case...

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imran (audit) (47 Points)
Replied 26 August 2020

RCM inward tax payable or not?

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 26 August 2020

Not required to pay in this case....if Rent paid on unregistered person 'No RCM' as RCM Sec. 9(4) is scrapped / removed for all persons except Specified person ( promoter/ developers).

imran (audit) (47 Points)
Replied 27 August 2020

Thanks mr.sagar patel sir, any notification sir

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 27 August 2020

Refer The Central Goods And Services Tax (Amendment) Act, 2018 (No. 31 Of 2018) read with Notification No. 07/2019- Central Tax (Rate) dated 29th March, 2019