GST on Godwon Rent and Shop rent

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..... GST on Godwon Rent and Shop rent
Query (Issue) Started By: - mithun saha Dated:- 7-9-2017 Last Reply Date:- 8-9-2017 Goods and Services Tax - GST
Got 6 Replies
GST
Dear sir /Madam I have one godown and one shop . and paying Godown Rent ₹ 5500/pm and shop rent ₹ 7500/ pm. I think i have to pay GST under Reverse Charge on above Rent @ 18 %, Is it Correct ? If i Pay GST on .....

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..... Reverse Charge then is it available for claiming ITC of reverse charge on Rent ? regards Mithun saha Reply By Rajagopalan Ranganathan: The Reply: Sir, Actually the gst is to be paid by the owner of godown and shop. If the owner is not registered then you may pay the gst under reverse charge and take ITC of the same. Reply By MARIAPPAN GOVINDARAJAN: The Reply: As indicated by Shri Ranganat .....

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..... han, the GST on rent is to be paid by them. Please ensure whether he is a registered person or he is coming under the threshold limit. If it is so you may pay tax on reverse charge basis and take credit of the same. Reply By Ganeshan Kalyani: The Reply: The supplier of service is liable to pay GST on his rent income. In case he is unregistered then you will become liable to pay GST on his behalf .....

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..... under reverse charge basis. Reply By Ganeshan Kalyani: The Reply: In addition to this you will have to issue self invoice. And disclose the same in the return. Yes, you are eligible for input tax credit of the tax paid under reverse charge provided your final product is taxable. Reply By Himansu Sekhar: The Reply: I also agree with all the replies. Reply By Ganeshan Kalyani: The Reply: T .....

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..... hanks.
Discussion Forum - Knowledge Sharing .....

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