GST on Rent

PRABAKARAN N

STUDENT

57 Points Posted on 15 February 2018

Clear question required

Pavan Kumar

192 Points Posted on 15 February 2018

ABC company paid rent of rs.120000/ per month for commercial activity.
is company liable to pay GST
is company paid to landlord with TDS.
Treatment of GST.

sujith kumar dasa

banglore

1496 Points Posted on 15 February 2018

yes GST is applicable in hands of Landlord. However since turnover has not crossed 20lakhs per annum he may not register and pay tax on same.

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 15 February 2018

GST not applicable for Residential Property. But, The Residential Property will issued to any Commercial activities / rent then It's fall under Commercial Rental...
If it's treated Commercial Rental then Threshold limit exceeding then Registration mandatory under GST...

If less than 20lakhs income for landlord then no need registration under GST. Also the Tenant no need to pay GST Upto March 2018*...

Ajeet Singh

Service

190 Points Posted on 16 February 2018

GST to be paid by Tenant under Reverse Charge...TDS u/s 194I applicable on Rent only (Excluding amount of GST).

Pavan Kumar

192 Points Posted on 16 February 2018

it means both tax are applicable

Pavan Kumar

192 Points Posted on 16 February 2018

rent 120000pm
+GST 18% 21600
total 141600
-TDS 1% 1200 on rent
net rent payable 140400

please suggest correct or not
please also share RCM guidlinr for rent

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 16 February 2018

Originally posted by : Pavan Kumar
	it means both tax are applicable

Rcm not applicable From 13th October 2017 to March 2018... So, Tenant don't want to Pay tax under RCM basis for the above said Periods...

Originally posted by : Pavan Kumar
	rent 120000pm+GST 18% 21600total 141600-TDS 1% 1200 on rentnet rent payable 140400please suggest correct or notplease also share RCM guidlinr for rent

The Landlord will give GST Tax Invoice then Your calculations is correct. But, The landlord is URD. So, You ll give Rs. 120000- 1200 = 118800....

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 16 February 2018

Landlord is registered or not...?

Pavan Kumar

192 Points Posted on 16 February 2018

landlord not registered

Menu

GST on Rent

Pavan Kumar

PRABAKARAN N

Pavan Kumar

sujith kumar dasa

RAJA P M

Ajeet Singh

Pavan Kumar

Pavan Kumar

RAJA P M

Pavan Kumar

Pavan Kumar

Pavan Kumar

RAJA P M

RAJA P M

Pavan Kumar

Leave a Reply

Recent Threads

Related Threads

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA

Menu

Forum Search

GST on Rent

Leave a Reply

Recent Threads

Related Threads