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 Reverse Charge then is it available for claiming ITC of reverse charge on Rent ?
regards
Mithun saha
Understanding GST on Renting: Pay via Reverse Charge if Owner Unregistered, Claim ITC if Product Taxable. A forum participant inquired about the applicability of GST on renting a godown and a shop, questioning whether GST should be paid under the reverse charge mechanism and if input tax credit (ITC) could be claimed. Respondents clarified that GST is typically paid by the property owner. However, if the owner is unregistered, the tenant may pay GST under reverse charge and claim ITC, provided the tenant's final product is taxable. It was also advised to issue a self-invoice and disclose it in tax returns. All respondents agreed on these points. (AI Summary)
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