Gst on assured return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2018
DEAR FELLOW,
One of my clients is a Real Estate Company. It receives rent on commercial property which is below 20,00,000/- in the entire year. Now it is planning to buy an under construction commercial property with the assured return.
Is this assured return chargeable to GST?
Please explain in detail.
One of my clients is a Real Estate Company. It receives rent on commercial property which is below 20,00,000/- in the entire year. Now it is planning to buy an under construction commercial property with the assured return.
Is this assured return chargeable to GST?
Please explain in detail.
CA R SEETHARAMAN
(Expert)
30 April 2018
Yes, assured return chargeable to GST provided Threshold exceed including the present rent received.
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