If a small building owner lets out his shop room for an annual rent of 6 lakhs, and has no other income, he is not bound to register under gst, and this rental income is not taxable. Now ,as per the new amendment,the tenant shopkeeper, assuming he is either unregistered or a composition dealer, is required to pay 18% gst under self invoice but cannot take ITC under RCM. So who will get the tax refund? If not, can this
amendment indirectly tax something
which the original statute has clearly exempted??
CAclubindia
