Gst impact on rent

Your rent is Rs. 40000. You ll be booked Rs.40000 as Rent paid. But, you are deduct TDS for payable amount to the landlord. TDS and GST is can't merge.

The Rent amount Rs. 40000 also you calculate GST on Rs. 40000/-....

WHICH GST RATE ON RENT EXP.

18% OR 28%

PM RENT PAID-40,000/-

TDS @ 10% DEDUCTED PAYABLE AMT. 36000/-

36000/- ON 18% OR 28% ......?????

THANKS & REGARDS.

GST is 18%

You calculate GST to Rs 40000 X 18% = Rs. 7200

Which amount you ll be booking Rent Paid in your Ledger...? Rs. 40000 or Rs. 36000