GST applicability on Rent Received from HPCL
This query is : Resolved
06 May 2020
Hi,
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??
Regards,
Sagun
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??
Regards,
Sagun
06 May 2020
GST payable to land owner if he raised tax invoice with GST.
In case of reimbursement pass on GST if paid.
In case of reimbursement pass on GST if paid.
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
06 May 2020
Yes you are right it's not an income only reimbursement of expenses under pure agent service GST not applicable.
07 May 2020
What about 22000-19000 difference.
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.
Petrol and diesel is sold on commission basis. Petrol and diesel pump and tanks etc put up by oil companies at their cost.
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