Home Forum Goods and Services Tax - GST Month 5 2019 2019 (5) This
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GST applicability on Rental income to Director of company - Goods and Services Tax - GSTExtract One of our clients is a private limited company; it has given rent and interest to its director. Let's say the interest income was ₹ 15 lakhs and Rental Income was ₹ 6 lakhs. Further, he has rental income from outside party of ₹ 2 Lakhs. What will be the total turnover under GST for the director? Whether interest income will be included to compute total turnover? Whether GST will be charged on rental income of ₹ 6 lakhs or it will fall under reverse charge mechanism? If total turnover will be ₹ 23 lakhs (15+6+2) whether GST will be payable on ₹ 2 lakhs and ₹ 6 lakhs GST will be paid by company under reverse charge mechanism?
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