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Premium received is taxable under gst


13 February 2018 PREMIUM (NON- REFUNDABLE) RECEIVED ON RENTING OF COMMERCIAL PROPERTY BESIDES RENTAL INCOME. SINCE THIS PREMIUM IS RECEIVED FROM TENANT ONCE DURING LEASE PERIOD SO WE HAVE CONSIDERED THIS PREMIUM AS CAPITAL RECEIPT. I WOULD LIKE TO KNOW WHETHER THE PREMIUM RECEIVED BY LANDLORD IS TAXABLE UNDER GST?

13 February 2018 yes GST shall be charged on the premium amount as well

13 February 2018 Yes... If it's non-refundable then GST will be charged as Advance even Landlord is registered...


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