if a GST dealer whose business turnover is above 2 crores got rent as additional income from his property , is liable to collect GST on rent. please clarify.
Thanking you....
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GST on Rental Income
Replies (8)
if it is a residential property he is not Liable to collect GST. if it's commercial then he is liable
Yes... I agreed to Mr Sundararajan.
If the above said Rental income from Commercial property then GST will be Chargeable.
If the above said Rental income from Commercial property then GST will be Chargeable.
gst is only applicable on rent if the property is used for commercial purpose. if property is residential but used for commercial purposes then gst also applicable .
dear sir, i have paid rent 1 lac rs.for godam used for commercial purpose.accounting year 2017-2018. ihave not paid gst for the same .also receiver has not paid paid gst.please advice me tax applicability
with thanks
@ Jaigurudev.,
Is Landlord registered under GST or not...?
Is Landlord registered under GST or not...?
dear sir, my turnover is above 10 crore and i have paid rent for godam 1 lac is my exp..i donot know receiver status that he is gst registered person or not as he not provide me gst bill or gst no.
with thanks
dear sir, i not know status of landlord as he not provide me bill of rent or gst no.
| Originally posted by : jaigurudev | ||
 |
dear sir, i not know status of landlord as he not provide me bill of rent or gst no. |  |
Okayyy...
RCM applicable From 1st July 2017 to 12th October 2017...
RCM not applicable from 13th October 2017 to 31st March 2019...
But.,
** (I don't know status.....) it's not good....
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