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Rental Income
sir my client getting rent from educational society and from hospital above 50lac per year is he liable to pay gst or tenant should pay plz clarify
Replies (10)
He should charge GST to tenants along with rental charges and pay the same to government.
Thank you for your advice
SIR,
1.legally the owner is liable to the government
2.In case not registered then tenant being registered is liable under RCM
but both may mutually decide who should bear tax
in your case rental income above 20l then AAP KI HOGI ZIMEDAARI
1.legally the owner is liable to the government
2.In case not registered then tenant being registered is liable under RCM
but both may mutually decide who should bear tax
in your case rental income above 20l then AAP KI HOGI ZIMEDAARI
As per Gst rules the owner has to change & deposit the same as his total turnover in above 20 Lakh .
but reverse charges should also be checked
yes you have charge gst on rent
No there is no reverse on Rent , cover under section 9(4).
As per section 7 CGST it's a supply , & Rental income from commercial property is taxable in GST.
Hence GST is levy on same
As per section 7 CGST it's a supply , & Rental income from commercial property is taxable in GST.
Hence GST is levy on same
the person receiving rental income above 20 L has to register and pay GST accordingly.
no RCM applicable here ??
no RCM applicable here ??
Rental Income from Commercial Properties is Taxable under GST. Only Rental Income from Residential House is Exempted from GST.
Hence GST is leviable in your case.
And as far as RCM is concerned, Section 9(4) is now for specified goods and services on specified persons. The Government has not yet notified the same.
Hence GST is leviable in your case.
And as far as RCM is concerned, Section 9(4) is now for specified goods and services on specified persons. The Government has not yet notified the same.
| Originally posted by : Pankaj Rawat | ||
 |
No there is no reverse on Rent , cover under section 9(4).As per section 7 CGST it's a supply , & Rental income from commercial property is taxable in GST. Hence GST is levy on same |  |
good explanation
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