Menu
Rajesh
If amount for lease is paid before GST implementation and period for contract is half before 1.7.2017 and half after that. Will GST be applied on this transaction and how.
Replies (2)
If you have paid ST over 6 month rental in the beginning of the year, you can carry forward the credit to GST acc. But it would be better to divide and pay in two quarters.
If the invoice is raised earlier or amount is paid earlier, it shall attract Service Tax and not GST as per provisions related to time of supply.
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
