Whether GST is applicable under reverse charge on office rent of Rs. less than 10000/-paid to unregisterred individual by company. if yes whether it will consider in sac 997212/ 997211.
Whether GST is applicable under reverse charge on office rent of Rs. less than 10000/-paid to unregisterred individual by company. if yes whether it will consider in sac 997212/ 997211.
what i have understood is that the Company has supplied renting service to unregistered individual. This is forward supply and therefore, RCM is not applicable here. The company would include the cost of GST while fixing the rent to be collected from the individual and deposit the same with the govt. The SAC would depend upon the nature of property as to whether the same is residential or non-residential. In any case, the rate of tax on both is same as on date.
It will treated under SAC 997272. Amount limitation of Rs.10000/- is only for those who are registered u/s 12AA or 10(23C)
No sir. Company is paying rent to unregisterred individual for office hired in rural villages.
R P S K & Associates
Nashik
CA Inter
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SSGS and Associates
Chennai
CA Inter
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