Menu
transaction with related party
is Gst chargeable if a company has a business transaction of renting of immovable property given by director to the company but the value is below the exemption limit of Gst registration ie 20 lakhs
Replies (1)
My understanding based on the facts:
Director has given property on rent to company and is earning rental income.
If aggregate of all supplies made by director exceed Rs.20 lacs, then he has to register
If not exceeding, then for rent paid by company, tax will have to be paid on reverse charge basis (RCM).
However, RCM is deferred till March 31, 2018.
Director has given property on rent to company and is earning rental income.
If aggregate of all supplies made by director exceed Rs.20 lacs, then he has to register
If not exceeding, then for rent paid by company, tax will have to be paid on reverse charge basis (RCM).
However, RCM is deferred till March 31, 2018.
Recent Threads
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
Related Threads
CAclubindia
