LAND RENT RECEIVED FROM HPCL

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This query is : Resolved

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A petrol pump owner is receiving a basic monthly land rent of £8,820.00 from HPCL, with no GST applied by the company. The owner, who is registered for GST, wants to know if they are liable to pay 18% GST on this rent, especially since their total annual lubricants sales are around £100,000.00. Despite the owner's annual GST sales being below the £20 lakh threshold, if they are registered for GST, they are generally required to charge GST on the rent received. It's advised to communicate with HPCL regarding this matter.

saiyam

saiyam (Querist)

11 June 2021 SIR
I HAVE A PETROL PUMP AND RECEIVING RENT FROM HPCL COMPANY RS 8820.00 AS BASIC RENT FOR LAND PER MONTH AND COMPANY IS PAYING NO GST ON THIS AMOUNT, NOW I WANT TO KNOW THAT SHOULD I HAVE TO PAY 18% GST ON THIS AMOUNT TO THE HPCL COMPANY IN GST B2B RETURN AND MY TOTAL LUBRICANTS SALE IS NEARY RS 100000.00 (ONE LAKH ONLY) PER ANNUM.
PLEASE GUIDE ME.
SAIYAM

CA Altamush Zafar

CA Altamush Zafar (Expert)

11 June 2021 Are you registered or liable to be registered? If yes then you will have to pay GST on rent

saiyam

saiyam (Querist)

11 June 2021 YES SIR I HAVE REGISTERED UNDER GST BUT HPCL COMPANY IS NOT GIVING GST ON THE LAND RENT, IT IS PAYING ONLY BASIC RENT OF RS 8820.00 AND MY ANNUAL GST SALE IS ALSO LESS THAN RS 20.00 LAKH IN A FINANACIAL YEAR.

CA Altamush Zafar

CA Altamush Zafar (Expert)

11 June 2021 Your turnover doesn't matter if you are registered.
Communicate with HPCL. You will have to charge GST

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