I GOT RENT ON ADVANCE FOR MAY 2021 ALONG WITH APRIL 21 RENT .

This query is : Resolved 
Quick Summary
This discussion clarifies when Goods and Services Tax (GST) is applicable on rent payments received in advance. If rent for April and May 2021 was received together, GST should be paid on the April rent. For the advance May rent, GST is due if an invoice isn't raised within 30 days of receiving the payment.

Profile Image

Profile Image

(Querist)
19 May 2021 Sir/Madam,

Please clarify my doubt i got rent on advance for may 2021 along with april 2021 ,now can i pay gst on april 2021 rent and advance amount may 2021 along with.
total rent per month 536082/-(excluding gst )
Profile Image

CMA Poornima Madhava

Profile Image

CMA Poornima Madhava (Expert)
19 May 2021 You have a time limit of 30 days to raise the invoice. If not, GST to be paid on advance too.
Profile Image

CA Altamush Zafar

Profile Image

CA Altamush Zafar (Expert)
19 May 2021 Pay GST on the advance received.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member Somnath MaitiSomnath MaitiPro Member Hitesh RathodHitesh RathodPro Member SHYAM SUNDER GULATISHYAM SUNDER GULATIPro Member Ramesh JRamesh JPro Member rajkumar yadavrajkumar yadav
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category