SIR,
ONE OF MY CLIENTS RECEIVING COMMERCIAL RENTAL INCOME WITH GST, BUT TENANT NOT PAYING REGULARLY, AND TENANT MIGHT TAKING 3 TO 4 MONTHS TIME TO DEPOSIT RENTAL INCOME, WHETHER OWNER IS RESPONSIBLE TO PAY GST EVERY MONTH OR ANY OTHER PROVISION IS THERE.
THANK YOU IN ADVANCE
The owner is liable to pay gst when one of these three events occurs namely receiving payment, issuance of invoice or completion of supply. Therefore in your case the owner is liable to pay gst in every month.
Boutique Investment Bank & Transaction Advisory Firm
Gurgaon
CA
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CAclubindia
