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TMI BlogTaxability of letting out commercial premises to registered person by an URPX X X X Extracts X X X X X X X X Extracts X X X X ..... In light of the recent amendment vide notification no. 9/2024 CT(R) dated 08.10.2024, whether a registered person will be required to pay tax under RCM if the commercial property has been taken on con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sent i.e. without consideration? will there be different implications of this arrangement in cases where the property is owned by a related person? Thanks - Reply By Sadanand Bulbule - The Reply = Dea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Sir It can be understood from your query that, there is no supply of services to the recipient in terms of Section 7[1] in the absence of consideration . GST Act does not speak about consent .There ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cannot be usage of commercial property by somebody without the consent of owner. Otherwise it amounts to trespassing and illegal. Secondly you have to take care of entry No. 2 of II Schedule as far as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... such issue between related persons is concerned. - Taxability of letting out commercial premises to registered person by an URP - Query Started By: - Rajat Gupta Dated:- 9-10-2024 Last Replied Date ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... :- 9-10-2024 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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