Gst paid on demand

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CA
22 Points Posted on 14 August 2020
hi, I m working in corporation accounts side,if I have doubt rental income received from tenant that gst portion paid demand basis or collection basis?
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On 14 August 2020 at 19:07 Report
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Quick Summary
This discussion clarifies when Goods and Services Tax (GST) is payable on rental income. For continuous supplies like rent, the time of supply, and therefore when GST is due, is determined by the rental agreement. The consensus is that GST is payable on a demand basis, meaning it's due when invoiced or when payment is due, regardless of when the tenant actually pays.

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GST Consultant
15986 Points Posted on 14 August 2020
Since rental service is a continuous supply the time of supply depends on the agreement.
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On 14 August 2020 at 21:23
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56 Points Posted on 15 August 2020
Demand basis.
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On 15 August 2020 at 16:36

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