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manikanta juluri (student)     08 May 2021

GST - Rental Income

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?


 6 Replies

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     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.
manikanta juluri

manikanta juluri (student)     08 May 2021

Lessor has GSTN and filing returns every month
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     08 May 2021

In that case, GST is applicable.
manikanta juluri

manikanta juluri (student)     08 May 2021

But tenant paying only rent not paying GST, in this case how can we proceed?
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     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.
manikanta juluri

manikanta juluri (student)     08 May 2021

Got it. thank you for your response 🙏

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