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GST - Rental Income

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student
47 Points Posted on 08 May 2021
A person let out his property for commercial purpose and getting Annual rental income for FY 2019-20 is 26,00,000/- then due to pandemic Tenant and Owner revise the agreement for Rs.12,00,000/- p.a in this case GST is Applicable?
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On 08 May 2021 at 13:46 Report
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CMA
13117 Points Posted on 08 May 2021
If the lessor is already not registered under GST, then GST is not applicable on rental income if the actual receipt too is limited to ₹12 lacs, provided the lessor has no other income or has other income within the threshold limit of turnover under GST.
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On 08 May 2021 at 14:01
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student
47 Points Posted on 08 May 2021
Lessor has GSTN and filing returns every month
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On 08 May 2021 at 14:03
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CMA
13117 Points Posted on 08 May 2021
In that case, GST is applicable.
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On 08 May 2021 at 14:08
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student
47 Points Posted on 08 May 2021
But tenant paying only rent not paying GST, in this case how can we proceed?
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On 08 May 2021 at 14:16
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CMA
13117 Points Posted on 08 May 2021
If you have issued invoice with GST, then the tenant is obligated to pay GST too. Also check the revised agreement if the GST clause is also included in it.
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On 08 May 2021 at 14:21
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student
47 Points Posted on 08 May 2021
Got it. thank you for your response 🙏
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On 08 May 2021 at 14:24


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