Rental Income

sheela More

student

348 Points Posted on 16 March 2019

He should charge GST to tenants along with rental charges and pay the same to government.

rajesh tiwari

122 Points Posted on 16 March 2019

Thank you for your advice

Priya Kashyap

Student

7053 Points Posted on 16 March 2019

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

Pawan

Manager

30 Points Posted on 16 March 2019

As per Gst rules the owner has to change & deposit the same as his total turnover in above 20 Lakh .

Priya Kashyap

Student

7053 Points Posted on 16 March 2019

but reverse charges should also be checked

pritesh

CA Final student

7106 Points Posted on 16 March 2019

yes you have charge gst on rent

Pankaj Rawat

GST Practitioner

55067 Points Posted on 17 March 2019

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

Priya Kashyap

Student

7053 Points Posted on 17 March 2019

the person receiving rental income above 20 L has to register and pay GST accordingly.
no RCM applicable here ??

Shivam RC

Student

23688 Points Posted on 17 March 2019

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.

venkata krishna reddy

chartered accountant

792 Points Posted on 18 March 2019

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