One of our client they run petrol bunk. The land is taken on rent For Rs.22,000/- per month, and in return HPCL will reimburse Rs.19000/- twds rent to Bunk owner.
Do we have to pay GST on Rent received? and Do we have to pay GST on Rent paid to land Owner??
06 May 2020
HPCL give us lumpsum amount, and our statutory auditor told us that we have to pay GST on amount received from HPCL as reimbursement. but it is not income for Bunk right
07 May 2020
Reimbursement is less than the payment.made. Less amount is reimbursd as some part of the land used for sale of lub oils etc. Petrol and diesel is sold on commission basis. Petrol and diesel pump and tanks etc put up by oil companies at their cost.
CAclubindia
