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GST ON RENTING OF IMMOVABLE PROPERTY

359 views 11 replies
Sir,
I have rented out a property by means of a licence agreement instead of rent agreement for own safety when any disputes arise. Can I write licence fee in the particulars column in the gst tax invoice instead of rent?
Thanks and Regards
Replies (11)

Yes, but the SAC code will be  same !!!

Thank you Sir.

Most Welcome,  Dear

Hi Sir,

 

I have commercial property as well as two flats in apparments. i am charging GST @ 18% on commercial property. but i am not charged on flat's rent. So shall i pay reverse charge on flat's rent or not. please suggest.

the rent of both flat is below 50,000. 

 

 

 

 

Dear Pradeep,

There is NIL rate over rental of residential property for residential use. So, no need to charge GST over it, or pay under RCM.

Thankyou So Much Sir  :)

My Pleasure

Dear Sir,

My client is asking for rules or section for above answer. can you please share with me. 

Thank You :)

Check Sr. 13 of NIL rated services as per GST rate schedule for Services 

Refer: cbec/gst/Schedule%services

Thank You So Much Sir.

Hello sir,

Is there any provision for renting of immovable property for office purpose to the company by one of its related party for the consideration other than cash.


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