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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?
Replies (6)
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.
Lessor has GSTN and filing returns every month
In that case, GST is applicable.
But tenant paying only rent not paying GST, in this case how can we proceed?
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.
Got it. thank you for your response 🙏
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