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    <title>RCM on Rent for Exempted Commodity</title>
    <link>https://www.taxtmi.com/forum/issue?id=119422</link>
    <description>Liability for tax on rent under the Reverse Charge Mechanism falls on the recipient when that recipient is registered; registered dealers who deal exclusively in exempt supplies must pay RCM on rent where applicable, and surrendering registration removes that RCM obligation. Recipients who receive services subject to RCM must obtain compulsory registration and discharge RCM even if their outward supplies are exempt, whereas persons not registered because they only make exempt or non-taxable supplies are not liable under RCM.</description>
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      <title>RCM on Rent for Exempted Commodity</title>
      <link>https://www.taxtmi.com/forum/issue?id=119422</link>
      <description>Liability for tax on rent under the Reverse Charge Mechanism falls on the recipient when that recipient is registered; registered dealers who deal exclusively in exempt supplies must pay RCM on rent where applicable, and surrendering registration removes that RCM obligation. Recipients who receive services subject to RCM must obtain compulsory registration and discharge RCM even if their outward supplies are exempt, whereas persons not registered because they only make exempt or non-taxable supplies are not liable under RCM.</description>
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      <law>GST</law>
      <pubDate>Mon, 25 Nov 2024 12:01:08 +0530</pubDate>
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