GST liability

108 views 4 replies

SANDHYA SHINGTE

PARTNER

57 Points Joined July 2017

An individual registered under service tax was receiving rental income.
Not registered under GST in anticipation rental income wont exceed Rs. 20 lacs.
But in the month of Dec 17 Rental income exceeded Rs.20 lacs . An individual was registered under GST in May 18.

whether he can charge GST and recover from tenant for Dec 17 to Apr 18?

Whether he has to pay GST liability with interest for Dec 17 to Apr 18?
How to show this in return

Replies (4)

Jatin

B.Com

473 Points Joined August 2015

you are required to pay GST with interest from Dec, 17 to Apr, 18 & file GST return

SANDHYA SHINGTE

PARTNER

57 Points Joined July 2017

thanks
GST return from May 18?
Whether tenant can avail input credit for the period Dec 17 to Apr 18? Can owner charge GsT for this period in bills?

Ravi SADhiyan

Practice

4510 Points Joined July 2017

Originally posted by : SANDHYA SHINGTE
	thanksGST return from May 18?Whether tenant can avail input credit for the period Dec 17 to Apr 18? Can owner charge GsT for this period in bills?

According to me its better to raise one Invoice from the period Dec'17 to Apr'18 in May month & if you have received Rental income in May month than you pay Interest only one month i.e. May

And show in GSTR-3B in the month of June

Yes Tenant availed ITC ( if you filed GSTR-1 & He Claimed in GSTR-3B )