TMI BlogGST on Rent Recd by person dealing in Tax Free GoodsX X X X Extracts X X X X X X X X Extracts X X X X ..... 5 Lakh Rent recd in Advance in April by the Proprietor dealing only in EXEMPT goods turnover more than say 10 cr. ??? 1. As I have made a single invoice for the whole year in April Iteself. Will GST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be applicable on me. At present Service tax is not applicable. I have no other taxable service. 2. If GST is applicable in case 1 Can I show this rent meant for only April to June as GST is applicabl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e from 1 July. Will GST be still applicable. - Reply By KASTURI SETHI - The Reply = Dear Querist,. You have used the word 'RENT' and at the same time you say no service tax is applicable. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Elaborate the word, 'rent'. Rent against movable property or immovable property ? It is possible that you may be using the word, 'rent' wrongly. Pl clarify you query emphasing the wor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d rent. - Reply By R.P. GUpta - The Reply = Sir Rent is Lease rent for immovable residential property which is received in advance in month of April for yearly basis. - Reply By KASTURI SETHI - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply = Advance received against exempted goods and services is not taxable under GST Act. - GST on Rent Recd by person dealing in Tax Free Goods - Query Started By: - R.P. GUpta Dated:- 25-6-2017 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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