A company entered with rent agreement for use house for commercial activity and paid a rent of rs.120000pm.
why laible to deduct GST as well as TDS.,
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GST on Rent
Replies (31)
Clear question required
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.
is company liable to pay GST
is company paid to landlord with TDS.
Treatment of GST.
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.
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*...
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*...
GST to be paid by Tenant under Reverse Charge...TDS u/s 194I applicable on Rent only (Excluding amount of GST).
it means both tax are applicable
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
+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
| 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...
Dear sir please clear baar of your answer
shot sir
finally who response for GST, landlord or tenant
| 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....
Landlord is registered or not...?
landlord not registered
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