I pay rent per month 30000 RCM applicable, if I pay the rent on daily basis which is 1000 per day then also I should pay RCM or not?

I pay rent per month 30000 RCM applicable, if I pay the rent on daily basis which is 1000 per day then also I should pay RCM or not

Asked on September 6, 2017 in Miscellaneous.
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4 Answer(s)

1) If you are a tenant of commercial unit and your landlord is unregistered, then you have to pay gst under RCM by raising self-invoice and you can claim its ITC 2) 2) RATE of GST is 18% 3) GST not applicable in case of rental service of residential unit 4) You cannot break the rental as it is a single invoice.

Answered on September 6, 2017.
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I mean rent is a cash invoice can it be split or not.

Answered on September 6, 2017.
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No

Answered on September 7, 2017.
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Why you such botheration of showing daily 1000/ payment. You pay GST on rent @18% and take ITC benefit. Nothing you are losing from your pocket.

Answered on September 7, 2017.
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Your Answer

Gen GST