11 October 2022
A company x situated in Delhi is giving rent to a company Y situated in Delhi for its Directors'residence in noida (Company x directors). My question is :- 1. RCM will be paid by company X then it will be IGST or CGST+SGST? 2. In GSTR1 Company Y will report this supply in GSTR1?
11 October 2022
1. according to place of supply rules, location of immovable property that is Noida UP will be POS and accordingly RCM will be payable under IGST head. 2. Company Y will show the invoice in the name of company X under reverse charge yes option.
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