GST on Rent

232 views
User Avatar

Accountant
26 Points Posted on 03 February 2020
can anyone advice me, I will be getting 2.50L rental income from Feb,2020 I am giving my residential flat to a company where director of the company will use for his residential purpose but I will send rental invoice in the name of his company and payment also will come from his company bank account & I am other income like director remuneration,
salary etc.

now pls advise whether I have to charge gst on rental invoice. still I am not register under GST.

pls advice
subhendu
0 Reply Share Follow
On 03 February 2020 at 13:16 Report
Replies (6)
Quick Summary
This discussion explores whether GST applies to rental income from a residential flat leased to a company for the director's residential use. While the property is residential, the rental invoice and payment are from the company. Participants debate whether the billing entity (the company) triggers GST applicability, or if the residential nature of the usage exempts it. The consensus leans towards GST not being applicable due to the residential purpose, regardless of the billing entity.

User Avatar

Studwnt
1141 Points Posted on 03 February 2020
It is for residential purpose therefore no gst
Reply
On 03 February 2020 at 14:22
User Avatar

Accountant
26 Points Posted on 03 February 2020
But rent will pay by company
Reply
On 03 February 2020 at 14:27
User Avatar

banglore
1496 Points Posted on 03 February 2020
Since the building is for residential purpose no gst is applicable on same
1 Reply
On 03 February 2020 at 15:16
User Avatar

"Do the Right Thing...!!!"
128162 Points Posted on 03 February 2020
GST not applicable for the rent. It's for residential purpose by using director of the company...
Reply
On 03 February 2020 at 16:59
User Avatar

Student
106 Points Posted on 08 February 2020
GST is applicable because bill is in the name of business
Reply
On 08 February 2020 at 17:13
User Avatar

"Do the Right Thing...!!!"
128162 Points Posted on 08 February 2020
Main think usage, not for billing.
Reply
On 08 February 2020 at 17:14

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Criteria to hire an article
  2. Guidence requested for a Finance Professional with
  3. Expert Opinion Required – Form 140 Gross Amo
  4. WRONG TAX DEMAND - formal responses , rectificatio
  5. Foreign remittance
  6. Affordable Residential Flats in Gurgaon
  7. Manufacturing
  8. TAN REGISTRATION ON E-FILLING SITE
  9. Form 10-IEA – Continuing Old Regime
  10. Income tax act 2026

More recent discussions | Post

Related Topics :

Loading