Sir,
Dealer composition scheme registered in gst act trading for jewellery business rent paid to landlord (non registered) for commercial property rs:5000/- per month
Question:
Dealer rent paid for commercial property RCM applicable from 01-10-24
Yes RCM is applicable on rent paid by composition dealer. RCM applicability is not based on type of registration.
RCM is to be paid at applicable rate (18% right now).
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