Question ID :
39239
GST ON TRANSFER FEE BY MUNICIPALITY
A Municipality has given some premises on lease. Now with retrospective date they are revising the transfer fee and amount alongwith interest become receivable by government and payable by lessee.
When will GST liability arise and it yes does it fall under reverse charge?
Posted by
DARSHAK MAGANLAL THAKKAR
on
Jun 24, 2019
Filed Under
GST
Answer ID :
78928
RCM provisions will be applicable. Time of supply will date of payment or 60 days from the date of issue of invoice, which ever is earlier.
Posted by
CA PRADEEP C B on
Jun 25, 2019