GST law for parking fee bid

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Accounting Consultant
32 Points Posted on 04 March 2020

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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On 04 March 2020 at 12:51 Report
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This discussion clarifies the Goods and Services Tax (GST) applicability on parking fee collection bids by municipalities in Karnataka. While generally exempt under Notification 12/2017 CT (R), if the contract is for rental or license fees for immovable property, the recipient may be liable for GST under the Reverse Charge Mechanism (RCM) as per Notification 3/2018 CT (r).

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229 Points Posted on 05 March 2020
No GST is payable by ULB of Karnataka state under RCM or FCM
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On 05 March 2020 at 00:27
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GST Practitioner
55067 Points Posted on 05 March 2020
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 .
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On 05 March 2020 at 09:46

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