Gst on lease propety

This query is : Resolved

raghavendra b (Querist)
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01 July 2019 DEAR SIR,

ONE OF MY CLIENT LEASED HIS COMMERCIAL PROPERTY OF RS. 300000/-. NOW MY QUESTION WHETHER GST APPLICABLE ON LEASE PROPERTY. BECAUSE HE IS NOT RECEIVED ANY RENT FROM HIST CUSTOMER.

PLEASE CLARIFY ME

REGARDS

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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01 July 2019 GST APPLICABLE ON LEASE OF COMMERCIAL PROPERTY. IRRESPECTIVE OF ANY RENT RECEIVED OR NOT.

raghavendra b

raghavendra b (Querist)
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01 July 2019 THANK YOU SIR,

GST APPLICABLE ON ENTIRE LEASE AMOUNT MEANS 300000/- GST @ 18% 54000/- SHOULD BE PAYABLE BY THE OWNER. BECAUSE HE HAS NOT PAID ANY GST ON LEASE AMOUNT STILL FROM APRIL 2019. NO HE SHOULD PAY 54000/- ON SINGLE PAYMENT.

DEAR SIR MY ANOTHER QUERY REGARDING IGST. I HAVE ALREADY POST THE QUERY. INTER-STATE SALES BELOW 50000/- RS. IS NOT APPLICABLE IGST WE CAN CHARGE SGST AND CGST. ITS TRUE.
CLARIFY ME SIR

REGARDS

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 July 2019 Not true igst applicable.

raghavendra b

raghavendra b (Querist)
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02 July 2019 THANK YOU SIR

REGARDS