Gst on rent

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673 Points Posted on 18 February 2021
my client paying rent and the owner deducting GST every month. and availing ITC. SHALL WE SHOW THE amount of rent . if so under what head
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On 18 February 2021 at 16:50 Report
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Quick Summary
This discussion addresses concerns regarding Goods and Services Tax (GST) applied to rental payments. Specifically, it clarifies why property owners might deduct GST from rent and subsequently claim Input Tax Credit (ITC). The conversation aims to help users understand the correct accounting treatment for rent expenses when GST is involved.

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Chartered Accountant
414 Points Posted on 18 February 2021
Why deducting GST?? plz clarify your question..
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On 18 February 2021 at 19:00
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Chartered Accountant
24588 Points Posted on 19 February 2021
Yeah same question please elaborate
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On 19 February 2021 at 06:33

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