If rent is paid in advance , then GST would be payable on entire amount or monthly accrual and then gst computed on monthly amount?
If there is delay in payment of rent , Eg July and august rent paid in the month of august , how will GST liability be determined? Monthly liability or liability only in the month of august for entire amount?
19 September 2017
If rent is paid in advance , then GST would be payable on entire amount. Liability will be in the month of August as 30 days time is given for raising the invoice for services.
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