I am RD in GST. I used a Machine like crean, dumper etc from local URD as a Rent for Rs 40000/- month.
now question is whether it is fall in RCM?
the URD not charge gst from his invoice.
what is the treatment of this type of rent service taken from URD dealer
4 Replies
kumar rajat
(285 Points)
Replied 27 April 2022
As per GST law not pay rcm on this purchased service. But Tds also to be deducted on this service as per income tax act.
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 27 April 2022
No RCM is applicable in this case.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 28 April 2022
No RCM applicable .
Section 9(4) has been amended by Notification 7/2019 CT (r) , RCM on inward supply from URD applicable only on promoters/devloper.
Section 9(4) has been amended by Notification 7/2019 CT (r) , RCM on inward supply from URD applicable only on promoters/devloper.
sabyasachi mukherjee
(27574 Points)
Replied 05 May 2022
Rent of plant and machinery. Sec 194 I so tds is deductible.
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