Gst against renting of immovable property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2017
Dear Experts,
If a company pay rent which is than Rs. 20 Lacs p.a., to an individual landlord.
Is landland have to register for GST or company have to pay GST against reverse charge ?
If a company pay rent which is than Rs. 20 Lacs p.a., to an individual landlord.
Is landland have to register for GST or company have to pay GST against reverse charge ?
26 June 2017
If company is paying rent of more than Rs. 20 lakhs to an individual landlord then company is not liable for paying any tax under reverse charge under reverse it is duty of landlord to get registered under GST Act as his turnover is more than threshold limit of Rs. 20 lakhs and he is also required to issue tax invoice in terms of section 31(2).
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