Income tax on gst part of rental income
This query is : Resolved
Kiran Crasta
(Querist)
28 August 2019
Can we declare Rental income under Income tax excluding GST amount (since GST is indirect tax it is not part of income) or Should we consider entire rent including GST amount?
29 August 2019
GST has to be excluded.
Kiran Crasta
(Querist)
29 August 2019
Thank you Madam, As the Charging Section is not clear on this, do we have any case laws, can you please give any references?
shivam jain
(Expert)
22 June 2020
logic is simple...no tax on tax...so GST should be excluded and tax can not be charged on same
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