If A letout property to B for an amount of Rs 500000 p.a. A is unregister as threshold limit is not crossed but what about B whether he will charge GST under Reverse Charge?
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Gst on rent
Replies (10)
B will pay gst under rcm as per sec 9(4) of cgst act
Reverse charge applicable when unregistered supply to registered
In your case if both are unregistered then no RCM liability arises
In your case if both are unregistered then no RCM liability arises
Assuming B is registered then B is required to pay tax in rcm
If 'B' is Registered under GST, then he ll be pay TAX on RCM. If 'B' is unregistered then no more libility under GST.
If B is registered then he pay tax
If B is registered then he pay tax
If B is registered then he pay tax under RCM and prepare tax invoice for the same
Don't be emotion Mr. Upadhyay....
what is GST rate on rent?
GST @ 18% on Rent if it's commercial....
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