15 December 2022
reverse charge applies to payments to mcgm by builder for premium on fsi and development charges?
i think yes, notificaiton 5 of 2019 for fsi and another notification for reverse charege notification says "any service by any authority to any promoter " chargeable on rcm."
but most developers r not aware of this mcgm in mumbai attracts gst?
16 December 2022
during gst audit, reverse demand has come for exps incurred on mcgm by builder under government services notification of revberse charge. now today, in dec 2022, can we get set off this reverse charges paid for fy2021 ? i think no, as time to get set off was only till sep 21. so in short, do i loose full set off of bills /expense incurred in fy2021 but not claimed then?
CAclubindia
