Reverse charge

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2017 monthly shop rent paid rs 4500/-rs 500/- deducted to advance .my query reverse charge applicable on rs.4500/- or rs 5000/

Udaya Chandran

Udaya Chandran (Expert)
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11 November 2017 If the service takes place after 13/10/2017 no RCM is applicable till 31/03/2018. Otherwise, GST is applicable on monthly rent. If any advance paid that is refundable, then GST is not applicable on such advance.

Querist : Anonymous

Querist : Anonymous (Querist)

11 November 2017 My question is, if a shopkeeper has kept the shop owner advance of Rs 500,000 for rent security, if he deducts monthly rupees.1000 and gives Rupees.4000 rent, then the reverse charge will be given on rupees.4000 or rupees 5000.

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