Major change in GST Reverse charge from 1st Jan 2023| Rent पर Gst कब, Exempt कब, RCM कब ?
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- čas přidán 8. 09. 2024
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Watch this video for:
Understanding how the Reverse charge entry & exemption list has changed by this new notification in GST applicable from 1st Janury 2023.
This new change has now brought good news for people who are renting their properties & receiving rent on the same.
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Thank you.
Excellent job done madam
Superb explanation. ❤️❤️❤️
very well explained mam.. seriously awesome..thanks
Mam,
Please make a complete video on Gst on
Rent from commercial property
1) Is ITC available for tax paid on residential dwelling under RCM.
2) It means from 18/07/22 to 31/12/22 proprietor is mandatorily have to pay gst under RCM irrespective of residential dwelling taken for residential use or business use.
🙏
Thank you madam
It's so much helpful for me 😊❤️
mam
1. if proprietor has his own residential unit and he is using it for his own sole proprietor business then is RCM applicable and if yes on which amount should he pay .
2. if proprietor family member has own residential unit and he is using it for his sole proprietor business and he is not paying any rent to his family member then is RCM applicable and if yes on which amount should he pay.
3. if sole prop has his own commercial property and he use it for our own business then is GST applicable .
If a registered a person using a commercial property on rent from unregistered person..... In this situation, registered person has to pay RCM?
taxable under RCM if used for commercial purpose but exempt, if taken for residential purpose by proprietor on his own account
As I understand, Commercial property always fall under FCM , hence if say URD person , Mr. A provide Rent Services to Mr.B (RP) Then RCM will not be Applicable
Who is liable to pay gst tenant or landlord?
Individual Registered Service Provider give his residential property on rent to registered company for residential use of its employees attract rcm in hands of co. On or after 01/01/23
if the director(UNREGD) of a company provides his industrial land for use as a factory TO a company and receive rent from the company then who is to pay tax as per GST act.
If recipient of renting service on residential property for commercial purposes is unregistered and also the owner of residencial dwelling,
Then in such case how gst can be paid under forward tax machanism.
Thanks for updating, One question Madam, if some supplier supply Commercial & residential property on Rent, but doesn't exist any GSTIN, But tenant have a Registered GSTIN, then he/she(tenant) have to pay RCM mandatory, but same complex other unregistered person also taken their commercial shops in tenant basis, so main Property Holder/landlord have to take GSTIN in mandatory manner, is there any GST Levy like up to 40 Lacs unregistered entity exemption from supplier of commercial & residential rent properties will apply regarding this mechanism scenario? want to know answer......🙏🙏🙏
Harvinder Singh ji, firstly the threshold limit is only 20 lacs in case of services (generally other than special category states). Secondly, if the service provider is unregistered, then RCM comes into picture only when the residential dewelling is let out to a registered dealer (except the exception newly introduced from 1st january 2023 - as stated in the video)
Mam...what about of govt employee living on lease rent and lease provided by the department
Same chart for commercial and ind property se kisi video me clear kijiye. Thanks
Maam I think there is some confusion, you told that if a registered rent a residential unit for a commercial purpose to a registered person, then rcm will applicable. I think there will be forward charges applicable
of service provider is not register then what we can do ? A rent shop to B and A is unregistered and b is registered. are we have to pay tax on rcm ?
Mam if I am purchasing CIDCO property on 60 years rent basis that time I have to pay 18% GST so so can I claim ITC AGAINST THAT GST
SO PLEASE GIVE ME SUGGESTIONS
Ma'am if our govt office received rent of Rs. 30000/- per month from bank that is under the premises of our office. Then we have to Charge 18% GST on bank.
When an Unregistered person has given his Residential property to a Registered person ( which is corporate ) and rent paid from company's account and claimed as an expense the profi loss account , will be exempted from RCM
Hello mam
Can you explain how gst is calculated on property which have been redeveloped from tenented premises to now ownership premises.
And what is the basic mathod to calculate it ?
Thank you
If am unregistered person and I am giving property to registered person
If , we are in maharshtra and take flat on rent in ahamedabad, gujrat then how to pay gst before december
What if the supplier is an un-registered person
Is ITC available for tax paid on residential dwelling under RCM.
Agar service provider Unregistered hai to kaise hoga....?
meri company ek ltd company hai aur 50000 ka payment per month payment karte hai to kya rcm lagega
maa"m,thank you for the video. can you please help guide pass voucher entries with one example.we onderstand the concept but facing some isssues to pass entries.
Is rcm applicable on the housing rent expenses which is bearing by the company for his staff?
Madam
Is service tax applicable on rent income if our partnership firm received rent income from registered company,company registered in service tax before gst 1.07.2017.
Is rcm applicable on rent income
Who is responsible to pay service tax on rent income ,service receiver or service provider
Pl suggest your view
madam, thanks for your tutorial. I have query, we are a registered dealer in gst. We are paying rents for commercial use to unregistered persons. all the rents are below the threshold limit. Can we (tenant) have to pay tax under RCM ?
Nice
Ma'am Zomato se hum ne purchased kiya kya uska input milega yaa nhi please
Agar koi person public ka paisa electronic system ke through apne account me transfer karta hai aur cash public ko deta hai , to in this situation what will be the nature of business ? and is this person liable for GST registration ?? please reply
If an unregistered tenant rented a commercial property to a registered person for commercial purpose , is RCM be applicable ?? Please guide
Same doubt
In case the RCM is not declared by the Regd receipient on commercial renting from URD till Dec 22, whether can it be declared/furnished in forthcoming month? Kindly guide
Hello maam
Will rcm apply if a registered businessman rents a flat for its employees?
mam, suppose a Education institute(Regd. dealer) provide hostel services to its students & such building is on rent, whether there is exemption from 01.01.2023@tax without tears
Hi Ma'am..,
Residential property hai usi mein humne apna office bana rakha hai aur every month rent hum CO-Director ke naam pe charge kar rahe hai with RCM.
Is that Ok ?
yes.
What if service provider is a unregistered person letout his property for rent to a registered person?
taxable under RCM if used for commercial purpose but exempt, if taken for residential purpose by proprietor on his own account
@@TaxwithoutTears mam koi notification hai isse related ki, commercial property rent pr lene pr rcm mai tax dena hai...i think commercial property pr rcm nhi hai
@@TaxwithoutTears can be claim ITC on it ?
Or not
I am a registered person and paying godown rent (godown used for business purpose of storing goods like paper, and boards) to unregistered person
.Am i liable to pay gst on RCM. ? From when..?
If the premises are not in residential dewelling, then no RCM
@@TaxwithoutTears sorry I didn't understand what is residential dewelling..?
0:22
Mam i am a shop owner registered in gst but my landlord have commercial property but not registered in gst... is RCM applicable if yes then who will pay rcm ( shop owner or landlord)
No need to pay RCM