WebAug 8, 2024 · Query on Rcm on rent paid under gst - GST. Query on Rcm on rent paid under gst - GST. Site. Courses. Login ... Revenue secretary Hasmukh Adhia said that if the house … WebJul 20, 2024 · Don’t miss this important GST updates. The government has brought new GST rules from 18 th July 2024 for ‘Renting of Residential Property’. As per notifications …
Rcm on godown rent [Resolved] GST - CAclubindia
WebJan 9, 2024 · Recently, the Central Board of Indirect Taxes and Customs (‘CBIC’) has issued Notification and Circular, with the intention of eliminating the anomaly created after introduction of applicability of reverse charge mechanism (‘RCM’) on renting of motor vehicle w.e.f. 1 October 2024. The Notification1 has been issued for amending the entry ... WebThis notification exempts RCM under section 9(4) up to Rs. 5000 per day. Notification No. 38/2024 – Central Tax ... trader is liable to pay gst on rcm basis. If farmer is not engaged in trading of other taxable goods then he is not liable to take registration under gst. (Notification No. 5/2024 ... renting of immovable property, and (2) ... cancun deals from toronto
RCM on Rent of Residential Dwelling and it
WebDue to such an amendment, GST becomes applicable when a residential dwelling is rented to a registered person under RCM. The CBIC vide Notification No. 05/2024 – Central Tax (Rate) Dt. 13.07.2024 has inserted a new S. No. 5AA in Notification No. 13/2024 Central Tax (Rate) Dt. 28.06.2024 (This Notification contains services on which RCM is ... WebMar 30, 2024 · This notification clearly states that in case of supply of services by any local authority, by way of renting of immovable property, to a person registered under the CGST Act, 2024, the person receiving the said service and registered under the CGST Act, 2024 has to discharge GST on the transaction. In the instant case, the applicant was ... WebJul 24, 2024 · query on rcm on shop rent - gst. 24 july 2024 sir, i am a small trader with turnover 1.5 crore p/a , i pay rent of my shop 8000 per month, will i pay tax on 8000 under … fish morale book