How the following shall be dealt under GST:
I have provide rental service to a bank. The bank has issued the payment for the month of June 2017 of the whole rental amount excluding GST.
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Registered person not charging GST.
Replies (8)
Did you charge / pay service tax on advance rentals received?
No GST is charged on the adavnced received by the party.
If it is June rent......... GST was not applicable.........
If it is for July month......... Bank will pay GST over the rent under RCM.........
You remain URD, cannot charge GST.......
The rent is for july month and i am registered under GST. But the bank to whom the premises is rented issued the payment without charging GST.
Actually, you are supposed to charge GST as liability to collect tax is over service provider. You have not provided you GSTIN to bank and hence bank has assumed you to be unregistered. so, clear the doubt from next month and you collect GST over and above rent amount, and pay to treasury.
so we have to submit the gst for july month in the GSTR 3B
GST will be applicable for the month of July supply of rent services.
since you are registered have to file return
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