banner_ad

Gst obligation in case of advance rent

271 views 4 replies

Hello Members,

Both Landlord & Tenant are GST Registered; Rent amount Rs.5.30 L Annually; TDS deducted @ 10%; Leave and licence agreement 11 months; Property Type:Commercial.

Issue: Rent was given in advance in April 2017 1st week for 11 months? (No deposit, only advance Rental)

Kindly guide if GST has to be considered and landlord should issue Invoice for GST on Pro data basis from July 2017 or simply avoid/ignore the GST till the renewal or new tenure?

Thanking you in anticipation!

Regards

Amg

Replies (4)

Is the rental agreement for residential property or commercial one?

"Commercial"

As such the liability to pay GST over the rent arises as on appointed date....... for the month upto March, 2018 or upto the date of expiry of the agreement, whichever earlier.

Thankyou Mr. Rambhia, So I undersratnd that you suggest that GST will have to be collected and paid from 1st July till the expiry on Pro data Basis.

Can you please guide, As landlord issues invoice, Should he collect the Gst from tenant on monthly basis till the Contract Expires or a lumsum can also be collected and deposited?

Thanks


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details