I am a accountant in a municipality(Urban Local Body) at Karnataka state. in our ULB we called a bid for parking fee collection for 2019-20.final bid amount is Rs.75,50,000/-. this amount is applicable for GST? or other taxes??..how much percentage we need to collect?? please clarify me
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GST law for parking fee bid
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Quick Summary
No GST is payable by ULB of Karnataka state under RCM or FCM
Its exempted under notification 12/2017 CT (R) .
But as the query sounds that the MC has contract of Rental /Liecenc fee for Immovable property
hence As per Notification 3/2018 CT (r) , Recepient is liable do RCM on same .
But as the query sounds that the MC has contract of Rental /Liecenc fee for Immovable property
hence As per Notification 3/2018 CT (r) , Recepient is liable do RCM on same .
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