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GST APPLICABLE ON COMMERCIAL PROPERTY AS RCM, Goods and Services Tax - GST |
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GST APPLICABLE ON COMMERCIAL PROPERTY AS RCM |
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Sir, we have registered on gst and occupy a commercial property in lease.landlord is unregistered. is there any liabililty in rent as RCM THANKS Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
RCM is not applicable for renting of commercial property. The entire GST is to be discharged on forward charge basis as far as renting of commercial property is concerned. So if the landlord is not registered there is no GST liability on either the landlord or the tenant.
Renting of commercial property by an unregistered person (not Govt. or LA) not liable under RCM.
No, the said activity is not taxable as RCM. But if the Rent exceeds Rs.20 Lakhs in a year, it is wise to intimate the landlord to take registration and charge GST. Page: 1 |
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