Gst on rent


Sarika Kodare (Accountant)     11 December 2019

Sarika Kodare
Accountant 
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we received rent from unregister dealer is gst applicable

debora M (BUSINESS DEVELOPMENT MANAGER)     11 December 2019

debora M
BUSINESS DEVELOPMENT MANAGER 
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As per Sec 9(4) of CGST Act, if a registered person purchases goods/services from an unregistered dealer (URD) then the registered taxpayer is liable to pay GST on reverse charge basis( only for certain goods/services & registered persons). All the provisions of the Act will apply to such recipient as if he were the person liable for paying the tax in relation to the supply of goods or services.

 

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Shivam RC (Student)     11 December 2019

Shivam RC
Student 
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Rent received from Residential House Property or Commercial Property ???

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Raghuteja Lakkireddy   11 December 2019

Raghuteja Lakkireddy

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If you received rent for providing residential house then no need of GST.If you received rent for providing land,building for commercial purpose and if the rent amount is more than 5000 then Reverse charge mechanism would applicable.Then GST on rent need to be payable on RCM Basis

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Rajan Kumar   11 December 2019

Rajan Kumar

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@ Sarika kodare
unless you are not register under GST you are not eligible to collect GST.

since you are supplying of renting service to dealer who is use the property for business purposes. so you need to register under GST only when the rent received by you exceeds threshold limit of 20/10 lakhs which ever is applicable.

Hance GST applicable only when you are registered.

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Pankaj Rawat (GST Practitioner)     12 December 2019

Pankaj Rawat
GST Practitioner 
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Any inward supply from URD, No RCM is applicable . hence No need not pay any GST

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Shivam RC (Student)     12 December 2019

Shivam RC
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Residential House Property : No GST applicable.
Commercial Property : GST applicable on Rental Income if exceeds Rs. 20 lakhs.


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