RCM on rent recd from private limited company

[PRIYACHARAN SR]

GST Dealer(landlord) has given his property(apartment) on rent to a pvt ltd company (tenant)! however it is used by director for his residential purpose. Whether company(tenant) needs to pay gst under rcm. ? Kindly advise

AI Summary

Company Renting Apartment for Director Must Pay GST Under Reverse Charge Mechanism: Exemption Only for Personal Use A landlord has rented an apartment to a private limited company, which is used by the company's director for residential purposes. The discussion revolves around whether the company, as the tenant, is required to pay Goods and Services Tax (GST) under the reverse charge mechanism (RCM). The consensus among the forum participants is that the company must pay GST under RCM, as the exemption applies only when the property is rented to a registered person for personal use, such as a proprietor using it as a residence.