X has given his shop on rent to Y for wine shop business. Y is exempt from GST (liquor sale) and has not taken GST registration. Is X supposed to recover GST from Y? At what percentage? How can Y claim refund of this GST as he is exempt.
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GST on shop given on rent to wine shop
Replies (5)
Yes, if the property's rent is more than Rs. 20 lacs in a financial year or the owner is registered or liable for registration under GST then the GST has to be charged on the rent. GST shall be charged at @ 18%.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
For all commercial spaces that are on rent, GST will be applicable at 18% on the taxable value and rent would be treated as a taxable supply of service. Y cannot claim GST IT WILL BE TREAT AS A B2C Supplies.
Gst on shop
Agreed with Mr. Bhagwat
Wine is not within the purview of gst .
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