Gst query
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 March 2018
Sir / Madam,
A rental agreement form 01/04/2017 to 31/03/2018. Till 30/06/2017 there was Service Tax and thereafter GST was implemented. Now, the vendor is asking to reimburse the differential of 3% (GST rate 18% Less Service Tax rate 15%). The entire amount of rent is received in advance before 01/07/2017.
Is this correct? Is this difference payable?
Also what would be the situation if the rent was not paid in advance and still the landlord do not agree for the same.
A rental agreement form 01/04/2017 to 31/03/2018. Till 30/06/2017 there was Service Tax and thereafter GST was implemented. Now, the vendor is asking to reimburse the differential of 3% (GST rate 18% Less Service Tax rate 15%). The entire amount of rent is received in advance before 01/07/2017.
Is this correct? Is this difference payable?
Also what would be the situation if the rent was not paid in advance and still the landlord do not agree for the same.
CA R SEETHARAMAN
(Expert)
20 March 2018
Yes this is correct the difference is payable as it's due to imposition of new levy.
Udaya Chandran
(Expert)
20 March 2018
Does he issue invoice for the rent paid every month with GST before Service Tax?
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