we 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?
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Gst on architect services received from unregistered person
Replies (12)
why you are paying gst under RCm?
No GST under RCM.
Because we are registered company under GST and receiving services from unregistered person
No GST on RCM on supplies from unregistered persons except in the case of real estate developer that too with the criteria of 80%
Our company is into real estate business only..please tell me how to record and process the above transaction.
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.
We have not applied for reduced rates of taxes nor taken any other inward supplies from unregistered suppliers till now...
Then no need to pay GST on RCM
But if its a new residential project ( No bookings till 31.03.2019) then it will automatically come under reduced rates.
It is a golf gated community with open plots...its a new project started in mar 2018..
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.
agreed.....👍
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