RCM GST on advance rent paid in July24

Manoj Punjabi (Accountant) (273 Points)

10 October 2024  

Dear Experts,

We are registered GST dealers.

We paid advance rent to unregistered person in July-24 for 6 months, for period from 1/7/24 to 31/12/24, for commercial property.

Now new RCM on rent is applicable wef 10/10/24, so do we have to pay RCM for rent from 10/10/24 to 31/12/24 now, on rent which was already paid in July-24.

Confusing scenario, please guide.