Rent- itc

Aditi Jain (9 Points)

30 April 2024

if a business is paying rent for commercial property to an unregistered person.is there a liability to pay under RCM?

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7 Replies

sabyasachi mukherjee (27574 Points)
Replied 30 April 2024

Rent paying for commercial property
not necesarrily

CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 30 April 2024

No. There is no requirement to pay GST under RCM in this scenario.

CA Raj Doshi (Practising CA) (8924 Points)
Replied 30 April 2024

Liability to pay RCM arises in case of rent payment for use of residential property by GST registered person

CA Anoop Kumar Sharma (Accounts Manager) (2065 Points)
Replied 01 May 2024

No, there is no requirement for reverse charge mechanism on commercial property.

GANESH NAGPURE (26 Points)
Replied 04 May 2024

RCM is not applicable to renting commercial property.

Aditi Jain (9 Points)
Replied 15 May 2024

Thank you

CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 15 May 2024

No. There is no requirement to pay GST under RCM on commercial property taken on rent from unregistered person.

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