Is GST applicable on Rent received if the registered business is exclusively of Trade on GST?

Registration 377 views 1 replies
Hello,

I have one of my client in Uttarakhand whose turnover is more than Rs.10 Lakh hence now registered under GST as a regular dealer. Apart from business income he owns a commercial shop from which he receives an annual rent of Rs.72000/.

Now my questions are as follows:
1. Can he opt a composition scheme with having both business and rent income?

2. Is he liable for charging any Gst on the rent received?

3.If the rent is paid by a registered dealer who is a trader, Is he liable to pay tax on reverse charge mechanism on such rent paid?

4.What is a tax quantum of rent on commercial building or shop in Uttarakhand?

5. Is it 20 lakh or 10 lakh for the services?


Thanks
Replies (1)
Rent Service is in the bracket of 18% and is a supply of service so can the above mentioned dealer opt for composition scheme inspite of providing service of Rent of Rs.72000/-? What if the Gst Acts says composition scheme only for Trade, Manufacturer and restaurant service?


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