Poonawalla fincorp
Poonawalla fincorp

Gst query

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 March 2018 Sir / Madam,

A rental agreement form 01/04/2017 to 31/03/2018. Till 30/06/2017 there was Service Tax and thereafter GST was implemented. Now, the vendor is asking to reimburse the differential of 3% (GST rate 18% Less Service Tax rate 15%). The entire amount of rent is received in advance before 01/07/2017.

Is this correct? Is this difference payable?

Also what would be the situation if the rent was not paid in advance and still the landlord do not agree for the same.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
20 March 2018 Yes this is correct the difference is payable as it's due to imposition of new levy.
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Udaya Chandran

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Udaya Chandran (Expert)
20 March 2018 Does he issue invoice for the rent paid every month with GST before Service Tax?
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