rent paid to urd
Hiten Shah (77 Points)
04 October 2017
in composition scheme rent paid for shop to unregistered dealer what is impact of reverse mechanism , how can I pay as I can't claim
2 Replies
Vinod Araveti
(Practicing CA)
(1180 Points)
Replied 04 October 2017
yes you need to pay GST @ 18% on rent and you can't avail the credit of that.
Vinay Garg
(Student cum businessman cum professional)
(859 Points)
Replied 04 October 2017
You will be required to pay tax under RCM @ 18%. As you are composition dealer, ITC won't be available to you.
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