sir I have to rent of full year in advance in April to unregistered person , now if reverse mechanism start from July will I have to to pay gst for monthly rent under reverse charges
please guide as some CA says no need to pay under reverse mechanism as when you paid rent for full year reverse mechanism was not applicable
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Reverse mechanism on rent paid in advance
Replies (3)
respected sir
Reverse charge is not applicable on payment of rent.
further if rent is paid for residential dwelling it is out of ambit of GST as per notification 12/2017 serial no.12,heading 9963.
Yes , if after or Before 1/7/2018 no further notification in regard to amendment of Notification 10 , RCM will be applicable on rent from URD.,. As I don't think if payment whole year rent in advance will avoid you doing RCM , your rent agreement is also matter here, moreover it will book as advance Rent , on doing provision for monthly exp for rent you have do RCM
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