Gst on advance rent/delayed rent
This query is : Resolved
19 September 2017
Dear sir,
What will be the GST liability on below cases:
If rent is paid in advance , then GST would be payable on entire amount or monthly accrual and then gst computed on monthly amount?
If there is delay in payment of rent , Eg July and august rent paid in the month of august , how will GST liability be determined? Monthly liability or liability only in the month of august for entire amount?
Please advice
Regards
What will be the GST liability on below cases:
If rent is paid in advance , then GST would be payable on entire amount or monthly accrual and then gst computed on monthly amount?
If there is delay in payment of rent , Eg July and august rent paid in the month of august , how will GST liability be determined? Monthly liability or liability only in the month of august for entire amount?
Please advice
Regards
19 September 2017
If rent is paid in advance , then GST would be payable on entire amount.
Liability will be in the month of August as 30 days time is given for raising the invoice for services.
Liability will be in the month of August as 30 days time is given for raising the invoice for services.
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