Hii Sirs
a person who is PWD contractor with Gst registration and filing returns monthly.
he also have a shop room which rent out to a person for business purpose with 9000/- as monthly rent.
is Gst applicable for this rent income?
if applicable, is this mention under GSTR3b as well as GSTR1? or mention under TCS section?
plz help me
thank you all..
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is GST applicable?
Replies (3)
it is applicable
you need to shown under table 3.1 in that point no 1
you need to shown under table 3.1 in that point no 1
There is 2 section of your Query :
1. PWD contractor : GST TDS is applicable if your per bill/Contract value will exceeds 2.5lac yearly the Pwd will deduct TDS @ 2% on your payment (As per section 51 CGST Act)
2. Rental Income : Yes GST is applicable on same .
You have show your both the income in GSTR 3b & in GSTR1
Note :TCS is not applicable in your case
1. PWD contractor : GST TDS is applicable if your per bill/Contract value will exceeds 2.5lac yearly the Pwd will deduct TDS @ 2% on your payment (As per section 51 CGST Act)
2. Rental Income : Yes GST is applicable on same .
You have show your both the income in GSTR 3b & in GSTR1
Note :TCS is not applicable in your case
thanks for your valuable comments
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