TaxTMI 
TaxTMI 
RCM liability on Rent of House or Offices
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....CM liability on Rent of House or Offices<br> Query (Issue) Started By: - mk Jain Dated:- 16-1-2024 Last Reply Date:- 19-1-2024 Service Tax<br>Got 7 Replies<br>Service Tax<br>Is there any RCM liablity on registered service receiver if service provide is unregistered for below two situation: 1. For residential house rent below than 50,000 1. For Commercial property rent below than 50,000 MK Repl....
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....y By KASTURI SETHI: The Reply: You have mentioned your query in the category of Service Tax . Do you want reply for ST or GST ? Pl. confirm. Reply By mk Jain: The Reply: Sir GST in current situation. MK Reply By KASTURI SETHI: The Reply: (i) Pl. elaborate your query.. What do you mean by below Rs.50,000/- ? Are you talking of threshold exemption limit ? (ii) Also see serial no.5 A of Notifi....
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....cation No.13/17-CT(Rate) dated 28.6.17 as amended on 18.7.22. If residential property is provided to a registered person, RCM is applicable. See the definition of registered person in this context. (iii) Renting of immovable property for commercial purpose is under FCM.RCM is applicable if renting of immovable property is supplied by Govt. Reply By mk Jain: The Reply: Thanks for your valuable r....
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....eply. If we are paying the rent of amount Rs. 40K on resident then want to know RCM liablity ( landlord is unregistered and tenent in registered) or what is the meaning of below search Search instead for RCM liablity on rent of residential property and any rent limit Search Results Featured snippet from the web The rate of GST applicable on residential rent under RCM is 18%. This means that i....
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....f the monthly rent paid by the tenant to the landlord exceeds Rs. 50,000, the tenant is required to pay GST at the rate of 18% on the amount of rent paid. 21 Mar 2023 MK Reply By Shilpi Jain: The Reply: There is no liability on the recipient of the service i.e. tenant for renting of commercial property. In case of a residential property, if it is used for any purpose other than for own reside....
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....nce by the tenant in the present case, liability will exist under RCM. So say a residential property is rented by the service receiver and the same property is further rented by him then such receiver will be liable to pay GST under RCM. Rent amount will be of no relevance here. Reply By KASTURI SETHI: The Reply: Dear Querist, Pl. refer to your query at serial no.4 dated 18.1.24 under the he....
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....ading 'Featured Snippet dated 21.3.23'. I could not trace out any authority or such basis of cap of rent for Rs.50,000/-. Reply By mk Jain: The Reply: Lot of thanks to all of you for your valuable reply. MK<br> Discussion Forum - Knowledge Sharing ....