GST on Rent Recd by person dealing in Tax Free Goods

[R.P. GUpta]

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 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 applicable from 1 July. Will GST be still applicable.

AI Summary

GST Exemption Clarified: Advance Rent for Residential Property Not Taxable for Proprietors of Exempt Goods Pre-July 1 A proprietor dealing exclusively in exempt goods with a turnover exceeding 10 crore INR received 5 lakh INR in advance rent for immovable residential property in April. The query raised concerns about the applicability of GST on this rent, given that service tax was not previously applicable. A respondent clarified that advance payments for exempt goods and services are not taxable under the GST Act. The discussion focused on whether GST would apply to rent received before the GST implementation date of July 1, questioning the nature of the rent and its classification under GST regulations.