my tenants,a Bank, refusing to pay GST on Rent because the Lease Deed (17 years ago) says, "rent inclusive of Taxes".
can they ?
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GST on immovable property rent
Replies (7)
yes they can..
but if you are unregistered, then the service receiver has to pay gst on reverse charge..
but if you are unregistered, then the service receiver has to pay gst on reverse charge..
since I would be paying GST out of Rent, will I get deduction in I Tax
Yes your rent income will reduce to the extent of GST.
get would be deducted from rent the way property tax is reduced?
get would be deducted from rent the way property tax is reduced?
Rent + GST = Total Rent
Calculation of Rent will be Total Rent × 18 / 118 = Rent.
Calculation of Rent will be Total Rent × 18 / 118 = Rent.
Calculation of Rent = Total Rent × 18 / 118
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