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GST on rent
we have taken machinery on rental basis from june 2017 to feb 2017. we have now recd bill from machinery owner with GST @ 18%. Is GST is applicable on rent for this period. Pl guide.
Replies (10)
Yes, GST applicable over the rental supply..... at the same time you can claim ITC of the input.
Sir
you first clear period is it June 2017 to feb-2018 ? because you have written june 2017 to feb 2017.
Form 1/7/2017 Rent paid in the course of furtherance of busniess GST applicable under section 7 of the CGST act 2017
thanks. period is june 2017 to feb 2018
So GST applicable form 1/7/2017 to feb 2018 . GST not applicable for the month of June 2017.
Thanks. But suppose machinery owner is unregisted then what will be the case?
He will not charge GST !!!
Because he cannot issue Tax Invoice.........
Ok. Then we have to pay under RCM or it is delayed till 1st july 2018
Correct, RCM u/s. 9(4) of CGST act, deferred till 30.06.2018.
But u have to depo. by RCM from july to 13/10/17 , as deferred on 13/10/2017
Thank you
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