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GST on Rent
if i was allready charging service tax being rent was 12 lac p.a. now in GST shall i surrender the number being rent is less than 20 or i have to pay GST. please note that tenant is a company and taken the space for business use
Replies (2)
You can cancel registration. But the company will be liable to pay tax under reverse charge.
thanks, so ultimately government dont want to loose revenue only compliance has been shifted to registered dealer. one more question in case of reverse charge this unregistered dealer has no responsibility like return filing etc ?
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