is gst apllicable for godown rent? I m having a gst no.
I am paying a rent for godown which I used for commercial purposes The rent amt. is 60000 monthly with tds deducted. should gst required for this form the owner of the godown
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is gst apllicable for godown rent?
Replies (12)
yes gst applicable
Yes... I agrred to Mr. RAMESH D MODI.,
GST applicable for Rent paid in your case. In case The Landlord is Registered Under GST he ll be issue Taxable Receipt/Invoice (Rs. 60000*18% = 10800 + 68000 = 70800). If landlord is UR then he ll be given Receipt Rs. 60000/-.
You can pay the Tax Rs. 10800/- Under RCM.
Gst is applicable only if rent exceeds 20 lac rupees since your annual rent is 7.20lac no gst
A2Z Taxcorp LLP - GST to apply on rental income beyond Rs 20 lakh
Rental income from residential property has been exempt from the goods and services tax (GST) but any earning over Rs. 20 lakh annually from renting or leasing for commercial purposes would attract the levy.
Revenue secretary Hasmukh Adhia said that if the house property is rent out for shop or office
Rental income from residential property has been exempt from the goods and services tax (GST) but any earning over Rs. 20 lakh annually from renting or leasing for commercial purposes would attract the levy.
Revenue secretary Hasmukh Adhia said that if the house property is rent out for shop or office
Dear NIKITA SAREEN.,
Where you read the above said answer...
Where you read the above said answer...
check the clarification given by hasmukh adhia on gst on rental income
Thank you for rectification Mr
Raja P M as the purpose is to let out a commercial property. Hence gst is applicable
Raja P M as the purpose is to let out a commercial property. Hence gst is applicable
You are welcome.....
what if both the person is unregistered
what if both the person is unregistered who's going to pay the tax and how
@ Hans Ratan.,
Simply said....
Nothing to Nothing...
dear sir,
if rent exp. 13500 pm annual is 162000.00 please tell me gst is applicable or not.
please reply
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