We are the dealers of construction equipment company, we are rental land paying rent is GST is applicable on rent which we pay to the landlord
Yes, if landlord registered under GST then you will liable to pay GST on rent.
GST will be a levy on the rent paid for immovable property taken for the commercial purpose.
In case your landlord is registered in GST he will charge GST@18% in his bill In case he is not registered you will have to pay GST under RCM @18% and claim as ITC.
Is not there any limit to pay under reverse charge in case of services like for goods there is limit of 5000 per day.