| Originally posted by : Rajkumar Gutti | ||
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My question is ,we have recceived bill for rental guest house bill date before 18/07/22 ,and rcm gst is applicable w.e.f.18/07/22 .Is rcm is liable to pay. what is the point of taxation
In this case time of supply under section 13(3) will apply. |
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Time of supply is relevant for the purpose of determining the liability to pay tax. in case of reverse charge services according to section 13(3) time of supply will be 19.07.2022 being earlier of
date on which payment is made
or
date immediately following 60 days from the date of issuance of invoice
So accordingly liability to pay RCM arises after 18.07.2022 i.e when RCM notification was made effective so RCM is payable
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