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Gst on Advance to Rental Building
please confirm gst will be applicable for rental building advance. Whether the payee should deduct TDS or not.
Replies (3)
Yes, GST will be applicable. Secondly, the payee should also deduct TDS.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
Sorry for the late reply...
gst will apply on & for only Turn Over....
Advance to a factory/biz. building is not T.O. or income. So gst will not applicable it seems... Pls share your further views on this...
gst will apply on & for only Turn Over....
Advance to a factory/biz. building is not T.O. or income. So gst will not applicable it seems... Pls share your further views on this...
If the rent paid in advance is a refundable security deposit, there is no need to pay GST, however GST is required to pay in the month in which such advances are adjusted by the landlord against rent.
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