Kindly provide me proper response with section / notification / case study:
Mr. X has main business in and also registered in WB. He have a residential property location is Odisha which is now provided in rent to a registered person Mr. Y.
Now the question is that 1. Whether Mr. X need to charge IGST with RCM or he have to take registration in Odisha. 2. Whether Mr. Y need to pay IGST with RCM or need to create a self-Invoice and pay CGST-SGST with RCM.
Please provide solution with proper explanation and supporting.
29 October 2024
Residential property rented out for residential purpose is exempt from GST. In case it's used for commercial purposes Mr. Y need to create a self-Invoice and pay CGST-SGST with RCM. IGST not applicable on property as place of supply is the location of the property.
CAclubindia
