The tenant is not paying the rent from April 2020. And as I was sending the Tax invoices against the rent so I have deposited all GST out of my pocket for 3 months i.e, April,May & June. But now I am unable to pay the GST as the Tenant is asking not to pay the rent for the period for COVID 19. As in this
COVID 19 period I cannot ask them to leave the premise and I want to raise invoice against rent.
Please reply me the solution. What should I do in this situation.
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GST on unrecovered rent.
Replies (1)
During lockdown many business premises are closed and it was very difficult to pay premises rent by tenants. Since you have raised invoices and paid GST for the particular 3 months.
Now you needs to consider whether your tenant is ready to pay rent. Now the tenant is not willing to pay the rent and you agreed to waive off, immediately issue Credit note for the 3 months April, May and June.
Now you needs to consider whether your tenant is ready to pay rent. Now the tenant is not willing to pay the rent and you agreed to waive off, immediately issue Credit note for the 3 months April, May and June.
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