If any businessman who is registered in composition scheme paying rent of his shop 14000pm but owner of shop is not registerd. Is there rcm applicable?
Is there any limit of rent?
Yes RCM applicable
No exemption limit
17 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 23 July 2017
Yes RCM apply.
But if amount paid is less than Rs.5000/- to all unregistered including rent then not to pay tax.
But if amount paid is less than Rs.5000/- to all unregistered including rent then not to pay tax.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 23 July 2017
You can pay amount in parts to save from Tax payment under RCM.
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 23 July 2017
Rs 5000 means groos amount of inward supply in a single day
B JALALUDEEN
(AGM ACCOUNTS)
(57 Points)
Replied 23 July 2017
Business man under gst rent paid of shop attract Rcm?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 23 July 2017
Yes......... if businessman is registered under GST......
sunil sharma
(A/C)
(123 Points)
Replied 25 July 2017
can we pay 6000 office rent two different date 3000 and 3000 rcm applicable ?
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 25 July 2017
If paid in different dates then no GST applicable.
If paid 6000/- on one day then you have to pay GST on it.
If paid 6000/- on one day then you have to pay GST on it.
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