https://www.taxtmi.com/forum/issue?id=117197 GST on rental income is chargeable only on actual consideration received; landlords should amend lease agreements to record agreed reductions or deferrals so liability aligns with revised consideration. An invoice creates tax liability and, if no invoice is issued, the date fixed for receipt governs the time of supply. Where agreements cannot be amended, revised invoices and credit notes describing COVID-19 relaxation should be issued and books should reflect amounts actually received to support charging GST only on realized rent. en-us Sat, 01 May 2021 11:20:51 +0530 Thu, 23 Jan 2025 15:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117197 GST on rental income is chargeable only on actual consideration received; landlords should amend lease agreements to record agreed reductions or deferrals so liability aligns with revised consideration. An invoice creates tax liability and, if no invoice is issued, the date fixed for receipt governs the time of supply. Where agreements cannot be amended, revised invoices and credit notes describing COVID-19 relaxation should be issued and books should reflect amounts actually received to support charging GST only on realized rent. Discussion-Forum GST Sat, 01 May 2021 11:20:51 +0530 https://www.taxtmi.com/forum/issue?id=117197