GST on Rent by bank

One of my client own a commericial property he issue invoice of rent every month to the bank with 18% but bank pay without tax rent because rent deed is old. I mean before july 2017
kindly share your valuable feedback
Replies (5)
Quick Summary
A client is facing a dispute with a bank regarding Goods and Services Tax (GST) on commercial property rent. Although the client issues monthly invoices with 18% GST, the bank is paying the rent without tax, citing an old rent deed predating July 2017. The discussion explores whether the deed contains a clause for future tax liabilities and advises that GST is generally applicable and should be deposited with the government. It's suggested that a mutual resolution or a fresh rent deed might be necessary.

Check the deed. There must be a clause specifying liability of any additional tax levied in future.

There is no provision of tax on deed

GST liability need to be discharged.

As per GST Law you are required to charge GST on bill & same need to be deposited to Govt.

So matter seems to be personal & need to resolve mutually. Can prepare fresh rent deed.
Thank you so much all

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