NAVEEN CHAND (Just keep going. You never know how far you can go.) 26 March 2020
it is covered under clause (5a)
Services (Renting of Immovable property)
Service supplied to registered person >> GST under RCM is payable by such Registered Person
Service supplied to unregistered person >> GST is payable under Normal Charge by Govt or Local authority
Bhargav Nirmal 26 March 2020
I really don't know but section 7(2) specifically say that not in contain that Notwithstanding anything contained in sub-section (1), shall be treated neither as a supply of goods nor a supply of services. & GST is levied in good & service only .
Pankaj Rawat (GST Practitioner) 26 March 2020
It's taxable under RCM because the particular service is being Notified by Issuing Notification 3/2018 CT (R) .
In Schedule III renting of Immovable property is not prescribed. it's sale of land which is put in the schedule III.
Let's take example of Actionable claim which is also put under Schedule III but Actionable claim ie lottery ,Betting & gambling is taxable (as prescribed therein)
As per Definition of Services prescribed in Section 2(102) means anything other than goods & Securities but INCLUDES RELATING TO THE USE OF MONEY..............
and In GST the taxability is arises when supply is made & if read Section 7 , the lease, rental is supply of Services.