Gst on mense profit and rent received as compromise

211 views 2 replies

Q1. Whether GST will be applicable on mense profit?

Q2. If A have to pay Rs. 20,000 as rent to a company on monthly basis and being a defaulter for long. Afterwards they come to a compromise to pay and receive Rs. 5,000 as rent for the default period and vacate the premises? Whether GST will be applicable on Rs. 5000/- as rent received?

Replies (2)
GST is applicable on supply on the transaction value as per section 15 of CGST act 2017 and not on profit.

YES,Gst would be applicable as per clause b of para 5 of schedule II of CGST act 2017, rent received would be treated as supply of service and would be liable to GST as per section 9 of CGST ACT 2017
I think gst not applicable because turnover not exceeds the gst threshold limit.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details