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GST on rented income

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41 Points Joined December 2015
I am having rental income above 20 lakh from four outlets.. my question is who have to pay gst .licensor or licensee ..in my agreement in tax clause clearly mentioned that The LICENSOR alone shall be liable to pay all present and future municipal taxes in respect of the LICENSED PREMISES excluding all oter taxs.
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On 01 July 2017 at 20:03 Report
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53 Points Joined June 2017
Yes, as per section 7 of CGST Act rental is a supply, hence you are liable for registration. Your agreement can't overruled Act.
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On 01 July 2017 at 20:13
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41 Points Joined December 2015
but Who will bare the taxs licensee or licensor
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On 01 July 2017 at 20:15
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Deputy Manager- Finance
2923 Points Joined March 2010
if registered Licensor if unregistered the licensee under Rcm
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On 01 July 2017 at 20:19
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26 Points Joined April 2017
If aggregate turnover is less than Rs 20 lacs of licensor then GST on rent income will be levied or not??
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On 01 July 2017 at 20:49
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41 Points Joined December 2015
RCM means
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On 01 July 2017 at 21:22
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Deputy Manager- Finance
2923 Points Joined March 2010
reverse charge mechanism
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On 01 July 2017 at 21:24
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41 Points Joined December 2015
nut my question is still in answered.... Who will bare the taxs licensee or licensor
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On 01 July 2017 at 21:38
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41 Points Joined December 2015
but my question is still unanswered *
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On 01 July 2017 at 21:39
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53 Points Joined June 2017
As a licensor If your Aggregate Turnover is less than 20 lakhs then you need not to take registration nor you can collect tax. But if licensee is registered he has to pay tax under RCM, if unregistered no need to pay tax.
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On 02 July 2017 at 19:49
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53 Points Joined May 2017
your rental income is above 20 lacs, so u are required to take registration and pay taxes.
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On 02 July 2017 at 21:01
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9 Points Joined July 2017

sir I WANT TO KNOW HSN CODE FOR MUTUAL FUND DISTRIBUTOR TO REGISTER GST NO. SO PLEASE PROVIDE HSN CODE

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On 06 July 2017 at 18:24

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