Does landlord have to pay gst on court decreed penalty charged to tenant for illegal occupany if the tenant deposits arrears in court and the amount is later paid to landlord by court? How should the ITC entry be made when filing GST by landlord
Menu
Is GST payable on court decretal arrears rent
Replies (2)
I my opinion , you should apply for Advance ruling under section 97 (e) of the CGST act 2017.
per Sch II clause 5(e) of CGST Act it is supply and attracts gst liability
but subject to threshold of Rs 20 Lakh
Recent Topic
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
Related Topics
CAclubindia
