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Office rent GST charegs
I have a doubt that if landlord is individual and not registered in GST he is not takes GST number and he not income more then 20 lac that time he will charge Gst amount in his invoice or not . if any liability or tenor.please give me some best suggestions.
Replies (5)
Quick Summary
U r d cannot charge
In the case of land lords
only those land Lords who have Turnover (Rent) exceeding 20 lakhs or voluntarily registered- have to issue invoice by charging GST.
others- not required to collect and charge GST
Tenants-
being recipient of services nothing to do except to claim ITC on rent if available.
only those land Lords who have Turnover (Rent) exceeding 20 lakhs or voluntarily registered- have to issue invoice by charging GST.
others- not required to collect and charge GST
Tenants-
being recipient of services nothing to do except to claim ITC on rent if available.
Threshold limit has been increased to Rs.20 lakhs ..
but if it is for commercial purposes then you hv to take gst registration.
renting is for commercial purposes.
the word commercial purposes means your sole earning is from renting of properties.
then gst registration has to be taken...
but if it is for commercial purposes then you hv to take gst registration.
renting is for commercial purposes.
the word commercial purposes means your sole earning is from renting of properties.
then gst registration has to be taken...
A taxpayer earning more than the exempted threshold will have to register under GST and pay taxes. So, if you have given your property to businesses, then it is taxable if you are getting more than Rs 20 lakh as rent and you will have to register yourself under GST
Landlord is not registered in GST, so he can not change GST in his rent invoice. and you are not eligible to take ITC
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