Gst on commercial rent receipt
This query is : Open
TARIQUE RIZVI
(Querist)
17 September 2017
The commercial Rent is Rs 65,000 per month of which per annum comes as at Rs 7,80,000 will it attract 18% GST ?
I have heard as follows:
If the commercial rent exceeds Rs 20 Lacs per annum, 18% GST on the whole amount will have to be recovered from the tenant.
Please guide me
yrs tarique rizvi
982 1630 130
I have heard as follows:
If the commercial rent exceeds Rs 20 Lacs per annum, 18% GST on the whole amount will have to be recovered from the tenant.
Please guide me
yrs tarique rizvi
982 1630 130
CA Rashmi Gandhi
(Expert)
17 September 2017
GST applicable on such transaction.
You have to pay GST on such rent under RCM if landlord is unregistered.
CA R SEETHARAMAN
(Expert)
17 September 2017
Yes you are right if the commercial rent exceeds Rs 20 Lacs per annum, 18% GST on the whole amount will have to be recovered from the tenant.
Chhatra Singh Dugar
(Expert)
17 September 2017
Yes it is correct
CA Rashmi Gandhi
(Expert)
17 September 2017
Totally agreed with Seetharaman.
TARIQUE RIZVI
(Querist)
18 September 2017
Lot of thanks & best wishes to every body participating in this group discussion.
Message likes :
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CA Rashmi Gandhi
(Expert)
18 September 2017
Welcome dear........
CA Rashmi Gandhi
(Expert)
18 September 2017
Welcome dear.......
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