LEASING BUILDING
This query is : Resolved
30 January 2021
DEAR SIR,
IS GST APPLICABLE ON LEASING COMMERCIAL BUILDING FOR THREE YEARS. ONE MY CLIENT IS LEASE HIS BUILDING FOR 5,00,000/-. BOTH OWNER AND MY CLIENT ARE HAVING GST NO. HOW TO PAY GST ON LEASE AMOUNT WHETHER GST ON ENTIRE LEASE AMOUNT MEANS 18% RS 90000/- WHEN HE RECEIVED THE AMOUNT. IT IS VALID ONCE PAID GST IS ON LEASE TERM.
PLEASE CLARIFY ME
REGARDS
IS GST APPLICABLE ON LEASING COMMERCIAL BUILDING FOR THREE YEARS. ONE MY CLIENT IS LEASE HIS BUILDING FOR 5,00,000/-. BOTH OWNER AND MY CLIENT ARE HAVING GST NO. HOW TO PAY GST ON LEASE AMOUNT WHETHER GST ON ENTIRE LEASE AMOUNT MEANS 18% RS 90000/- WHEN HE RECEIVED THE AMOUNT. IT IS VALID ONCE PAID GST IS ON LEASE TERM.
PLEASE CLARIFY ME
REGARDS
31 January 2021
GST applicable on leasing of commercial building. If entire 5 lacs is received GST payable is 90,000 it's valid for entire lease term.
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31 January 2021
thank you sir your replies
regards
regards
31 January 2021
You are welcome.......
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