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

Reverse charge mechanism may not apply where rent payment or invoice preceded the change in RCM and time of supply occurred earlier.
Whether the reverse charge mechanism applies turns on whether supply, payment or invoice for renting a residential dwelling occurred before the effective date that brought such renting into RCM; continuous supply treatment, time of supply rules and invoice raising requirements determine if the taxable event falls before that date, and the nature of use (residential versus non residential) and any change in exemption or rate further affects applicability.