Reverce charge applicable
This query is : Resolved
10 October 2017
dear sir may cilent in dealing only saree which is covered under goods only. he has paid office rent of 10000 permonth.whether reverce charge applicable in this case it is dealing only goods not services.if applicable then it will be calculted after deduction rs 5000 per day exp.
total rent = 1200000
less= (60000)
60000 5000*12*18%
gst paid = 10800 on only 60000 amount it is to be treated as input services
total rent = 1200000
less= (60000)
60000 5000*12*18%
gst paid = 10800 on only 60000 amount it is to be treated as input services
anshul aggarwal
(Expert)
10 October 2017
This is totally a wrong calculation.
first clarify rent is 1 lac or 10 thousand.
if 1 lac then gst payable per month is rs. 18000
if 10000 then gst payable is 1800.
daily deduction of 5000 not applicable in this case.
10 October 2017
Yes...
I agreed with Mr Anshul Aggarwal....
Also the RCM is suspended in 22nd GST council meeting. Wait on further notifications...
anshul aggarwal
(Expert)
10 October 2017
RCM only u/S 9(4) will be suspended after notification.
RCM u/S 9(3) is still applicable.
31 October 2026
Under current rules, if the office landlord is unregistered your saree-dealer client (if registered under regular scheme) must pay 18% GST on the rent under RCM u/s 9(3) since 10 Oct 2024 and can claim it as ITC; the old Rs 5,000 per day exemption no longer exists, and composition dealers are excluded from 16 Jan 2025.
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