residential dwelling RCM

[Madhavan iyengar]

dear sirs

where the rent is paid for residential dwelling taken on rent in advance for july 22 ie before the 10th of july 22 by a gst regd person is the regd person require to discharge rcm or for july since the rent payment is already made prior to 18th july 22 hence he is not required to pay rcm for july 22

experts please give your views

AI Summary

RCM under GST not applicable for residential rent paid before July 18, 2022, per Sections 13, 14, and 31. The discussion revolves around the applicability of Reverse Charge Mechanism (RCM) under the Goods and Services Tax (GST) for rent paid on residential dwellings. The main question is whether RCM applies if rent is paid before July 18, 2022, when new provisions took effect. Several contributors agree that if the rent was paid before this date, RCM does not apply. The discussion highlights the significance of Sections 13, 14, and 31 of the CGST Act, focusing on the timing of supply and changes in tax rates. The nature of the dwelling's use and the specifics of the rental agreement are crucial factors in determining RCM applicability.