Gst for rent
This query is : Resolved
03 April 2018
I have a piece of land rented a petrol bunk company not directly but to dealer and I do possess a gstin now I have to pay gst for the rental income or I should collect form Tenent pls do reply
CA Rashmi Gandhi
(Expert)
03 April 2018
You have to collect it from tenant.
Message likes :
2 times
KAVIRAJA ADDANGADI
(Expert)
03 April 2018
You have to collect rent by Raising invoice, Same to be remitted before 20th of Subsequent month.
04 April 2018
How shall I proceed if the Tenent is showing resistance towards gst
26 July 2024
**A. Educate the Tenant
Clarify GST Applicability: Explain to the tenant that GST is applicable on commercial rental income as per GST laws.
Provide Documentation: Show them the GST Act provisions or relevant notifications that clarify the applicability of GST on commercial rent.
**B. Negotiation
Discuss Terms: If the tenant is resistant, negotiate how the GST will be handled in the lease agreement. This can include adjusting the rent to account for GST or agreeing on a way to manage the GST component.
Lease Agreement: Ensure the lease agreement clearly states the rental amount and GST provisions.
**C. Consultation
Professional Advice: Consult with a GST professional or tax advisor to ensure that you are handling GST correctly and to get assistance in resolving any disputes with the tenant.
Legal Recourse: If necessary, legal advice might be required to address any persistent issues.
Clarify GST Applicability: Explain to the tenant that GST is applicable on commercial rental income as per GST laws.
Provide Documentation: Show them the GST Act provisions or relevant notifications that clarify the applicability of GST on commercial rent.
**B. Negotiation
Discuss Terms: If the tenant is resistant, negotiate how the GST will be handled in the lease agreement. This can include adjusting the rent to account for GST or agreeing on a way to manage the GST component.
Lease Agreement: Ensure the lease agreement clearly states the rental amount and GST provisions.
**C. Consultation
Professional Advice: Consult with a GST professional or tax advisor to ensure that you are handling GST correctly and to get assistance in resolving any disputes with the tenant.
Legal Recourse: If necessary, legal advice might be required to address any persistent issues.
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