Gst on lease amount
This query is : Resolved
25 January 2020
A taxpayer is registered under gst for trading of tractor.he has a hotel which is given on lease.he receives Rs.8 lakh per annum towards lease value.Whether he is liable for payment of gst on lease value?the taxpayer contend that though lease amount is less than 20 lakh he is not liable for payment of gst.please guide.
25 January 2020
As he is registered under GST he need to pay GST irrespective of the amount received.
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