gst on rent
alokmantri1997@gmail.com (24 Points)
02 October 2017
please clarify every aspect of gst on rent..
31 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 02 October 2017
If rent received by you & you are registered in GST then you have to charge it & pay to govt...
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 02 October 2017
If you pay rent to some unregistered person then you have to pay tax on such rent under RCM.
No need to pay GST if amt is less than Rs.5000/-
No need to pay GST if amt is less than Rs.5000/-
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
its depend on you if rent is related with residential plot then gst tax free but rent is related with corporate then gst charged on rent amount is 18% if they not charge then tax amount paid under RCM by rent payer to gst department and claim input.
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
hey rashmi here i doubt for rent related matter
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 02 October 2017
One more thing i want to add that rent for residential dwelling is exemptex.
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
as per govt below 20 lac turnover people no need to registration but they pay rent on his commercial land.
now my question is if landowner not charge gst on rent so business man liable to pay rcm or not if the govt. give him a relaxation
now my question is if landowner not charge gst on rent so business man liable to pay rcm or not if the govt. give him a relaxation
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 02 October 2017
If any peraon ia unregistered then he is not required to pay GST under RCM as GST Act not applicable to him.
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 02 October 2017
hostel acomodation comes under house rent or business
NITIN MANGLA
(ACCOUNTANT)
(278 Points)
Replied 02 October 2017
its a business rashmi but hostel is registered as a residential plot not commercial then
alokmantri1997@gmail.com
(24 Points)
Replied 02 October 2017
ma'am whether 20 lac limit is for only rental income or any type of his turnover.
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 02 October 2017
turnover means sales rent recieved all other business income
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