Menu
Reverce charge on Rent
well if I paid rent to unregistered person it's comes under reverse charge or not
Replies (13)
From October RCM not applicable for above said way...
But, wait for further notification...
But, wait for further notification...
Till sept same is covered under RCM if amt is more than Rs.5000/.
However same is suspended from October.....
However same is suspended from October.....
Suspended from October.....!
But, wait on further notification from CBEC
But, wait on further notification from CBEC
well I have to pay rent Rs 14000 per month from July and I will pay it now in Oct so reverse charge applicable on July August & Sep is also applicable if we paid it in Oct month
Yes...
Exactly applicable RCM for the above said periods...
Exactly applicable RCM for the above said periods...
Yes...
Exactly applicable...
Exactly applicable...
RCM is not on payment. It is when an expense is credited to the account. So your rent for July Aug and Sept will come under RCM as rent is monthly.
I am disagree with you anshul aggarwal.
In my view it is based on payment. So he has not to pay under RCM.
In my view it is based on payment. So he has not to pay under RCM.
No....
Payments are adjustable to expenditure account. It's not applicable in Tax head...
Payments are adjustable to expenditure account. It's not applicable in Tax head...
Rashmi,
Does that mean if we buy from URD worth 10000 and make payment as 3000, 3000 and 4000 on different dates. Then RCM will not be applicable?
I don't think it has anything to do with payment. It is when bill is credited irrespective of payment is done. Your views will be appreciated.
Does that mean if we buy from URD worth 10000 and make payment as 3000, 3000 and 4000 on different dates. Then RCM will not be applicable?
I don't think it has anything to do with payment. It is when bill is credited irrespective of payment is done. Your views will be appreciated.
but as per CGST Act,
In case of reverse charge, the time of supply shall be the earliest of the following dates:
The date of paymentThe date immediately after 60 days from the date of issue of invoice by the supplier
In case of reverse charge, the time of supply shall be the earliest of the following dates:
The date of paymentThe date immediately after 60 days from the date of issue of invoice by the supplier
Yes I agree with you.
In this case time of supply is monthly rent receipt.
But dealer is not Accounting the same and making quarterly payment for same. But rent agreement will decide time of supply which is monthly.
In this case time of supply is monthly rent receipt.
But dealer is not Accounting the same and making quarterly payment for same. But rent agreement will decide time of supply which is monthly.
Okk.................
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
