rent of immovable property

Page no : 2

bhinvraj suthar (accontant) (45 Points)
Replied 03 August 2017

GST will be paid by receiver of rent service under RCM. And receiver will claim credit of GST paid under RCM.

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dipti adake (64 Points)
Replied 03 August 2017

Mr.dugar, the owner individual is related party of the tenant,i.e.the Pvt.ltd.company. the rent received by d owner is around 60,000 pm. however, the owners income from rent and also other income I.e. agricultural income is not exceeding 20l. therefore my contention is that the supply of service being below 20l is not taxable.therefore gst at first place shall not arise n further rent is also does not fall under rcm. is this correct?

Manas Das (1431 Points)
Replied 03 August 2017

why making things complicated madam . it is so simple any taxable service received by a registered person from unregistered person falls under RCM US 9 (4)

dipti adake (64 Points)
Replied 03 August 2017

we can't get all small income earners in dis tax bracket by that section. then the whole purpose of 20l exemption is defeated here.v need to look into this. The taxable supply definition should be looked into..anyway thank u all for d inputs

Manas Das (1431 Points)
Replied 03 August 2017

you are not liable to tax because you fall under 20 lac limit. but the service receiver is taxable and can get input credit. it is to encourage organised business

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Manas Das (1431 Points)
Replied 03 August 2017

you are not liable to tax because you fall under 20 lac limit. but the service receiver is taxable and can get input credit. it is to encourage organised business

Chhatra Singh Dugar (1464 Points)
Replied 03 August 2017

Dipti
In your case individual is is URD but pvt ltd. Co should be registered u/s 23 of CGST Act. So u/s 9 (4) of the Act when supply of good or services or both by URD to a RD, then RD is bound ( in your case tenant Co. ) to pay GST under RCM.
As this be the law we will have to comply.