RCM GST on advance rent paid in July24

I understand your concern. The new RCM (Reverse Charge Mechanism) on rent applicable from 10/10/24 has created a confusing scenario for you. Since you've already paid advance rent to an unregistered person in July-24 for the period from 1/7/24 to 31/12/24, you're wondering if you need to pay RCM on rent from 10/10/24 to 31/12/24. Here's a suggested approach: 1. _Review the contract_: Check your rent agreement or contract to see if it mentions anything about tax implications or RCM. 2. _Consult a tax expert_: Reach out to a chartered accountant or tax consultant who can provide personalized guidance based on your specific situation. 3. _Contact the GST helpline_: Reach out to the GST helpline or the GST department's official website for clarification on this specific scenario. 4. _Assess the liability_: If RCM is applicable, calculate the liability for the period from 10/10/24 to 31/12/24. Remember, it's always best to seek professional advice to ensure compliance with GST regulations.

Reposted. As there is no satisfactory reply received yet.

Please guide.

 Rent paid in July-24.Since the rent was paid in July-24, which is before the RCM applicability date, you don't need to pay RCM on that rent amount.