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Issue ID : 112782
- 0 -

GST on Godwon Rent and Shop rent

Date 07 Sep 2017
Replies6 Answers
Views 6746 Views
Asked By

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

6 answers
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- 0
Replied on Sep 7, 2017
1.

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.

- 0
Replied on Sep 7, 2017
2.

As indicated by Shri Ranganathan, 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.

- 0
Replied on Sep 7, 2017
3.

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 under reverse charge basis.

- 0
Replied on Sep 7, 2017
4.

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.

- 0
Replied on Sep 7, 2017
5.

I also agree with all the replies.

- 0
Replied on Sep 8, 2017
6.

Thanks.

Old Query - New Comments are closed.

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