As per the the JDA, the builder has given payment of rs. 10 laksh to landlord as non refundable security deposit and in his books as payment to landlord under profit and loss account.
Whether this amount is included or excluded for calculating 80% : 20% rule for RCM payment ?
07 February 2025
Thank you Sir, In case if we dont meet 80% of the limit then we need to pay 18% or applaicable gst rate on RCM basis, whether RCM ITC can we utilise against future sale of flats gst liability?