Rent and RCM

Yes.. you have to pay the Tax under Rcm and take the input of the same again..because we had a section 9(4) of cgst....which says the any services/goods purchased or received from unregistered person exceeding 5000/- in a day. then tax has to be paid under Rcm. and the input can be claimed for the same.

Sir we have no taxable service we are GTA service provider so how I adjusted ITC. 2nd question we paid 6000/- per month then the rule .....URD exceeding 5000/- in a day so this rule apply to us? is applicable then what rate of tax we paid and the interest rate pl tell

@ Anshuman Basu.,


Yes Your Auditor's view is exactly correct. As per sec 9(4) of CGST act RCM applicable from Supplies received from Unregistered Dealer.
So,
RCM tax will be payable for the said transactions...

But,
The RCM applicable only from July-17 to September-17. So, You just pay the 3 months all the rest of the months no need to pay...


As per Your Auditor's advise pay the Tax with Interest and take ITC in Current month GSTR 3B return...

itc not available for You...
Pay tax under RCM basis.

Yes, this is a great disadvantage to the GTA that they have to pay under Rcm and the input of the same cannot be claimed.

what is the tax rate and guide us the calculation of interest. should I show the tax and interest in Gstr 3b and which column