radhika jalan (9 Points)
24 May 2019we need to pay architect fees of 250000 to an individual who do not have gst registration...how shall i calculate Invoice Amount and how to pay gst under reverse charge...can anyone please help me about the entire process from payment to filing of GST returns?
radhika jalan
(9 Points)
Replied 24 May 2019
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 24 May 2019
No GST on RCM on supplies from unregistered persons except in the case of real estate developer that too with the criteria of 80%
radhika jalan
(9 Points)
Replied 24 May 2019
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 24 May 2019
Well now it depends on a lot of criteria for instance whether you have opted for reduced rates of taxes for your project. How much total inward supplies have been taken from unregistered suppliers etc.
radhika jalan
(9 Points)
Replied 24 May 2019
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 24 May 2019
Then no need to pay GST on RCM
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 24 May 2019
But if its a new residential project ( No bookings till 31.03.2019) then it will automatically come under reduced rates.
radhika jalan
(9 Points)
Replied 24 May 2019
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 24 May 2019
I recommend you take proper professional guidance as real estate is the most complex business as far as GST is concerned as there is a fusion of all GST Act, RERA, Income Tax Act, and Accounting Standards. There can be many aspects as far as GST is concerned and each can have an impact on the course of action to be taken. This is not as simple to be on a public forum level.
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