TaxTMI 
TaxTMI 
GST on residentail premises given on rent
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....ST on residentail premises given on rent<br> Query (Issue) Started By: - Kaustubh Karandikar Dated:- 20-7-2022 Last Reply Date:- 21-7-2022 Goods and Services Tax - GST<br>Got 5 Replies<br>GST<br>XYZ(Proprietor) is registered with GST. He had rented his residential premises to PQR Pvt. Ltd. where employees of PQR are staying but rent is paid by PQR to XYZ. PQR is also registered with GST. As per th....
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....e amended provisions, whether XYZ is required to pay GST under forward charge or PQR is required to pay under reverse charge? Reply By Amit Agrawal: The Reply: 'Where the residential dwelling is rented to a registered person', liability to pay GST is on 'recipient' under RCM, IRRESPECTIVE of the fact that service provider / supplier is also a registered person. So, in given exa....
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....mple, PQR Pvt. Ltd. needs to pay GST under reverse charge. And, XYX (Proprietor) needs to raise tax-invoice but showing liability to pay GST is upon the recipient under reverse charge. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. Reply By Kaustubh Karandikar: The Reply: thanks sir for your kind advice. Reply By Mahadev R: The Reply....
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....: Agree with Amit sir's view. The big question is about ITC eligibility of such GST paid under RCM. Reply By Shilpi Jain: The Reply: This amendment has led to taxing scenarios that were exempt earlier i.e. residential dwelling used as residence. It has also led to forward charge transactions being liable under rcm ime. Residential dwelling rented and used as commercial, which has led to I....
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....TC restriction in the hands.of the supplier say repairs etc. Reply By Ganeshan Kalyani: The Reply: This amendment is to tax the registered recipient of residential dwelling under reverse charge. Since the taxability is on registered recipient the status of service provider being registered or not is not relevant.<br> Discussion Forum - Knowledge Sharing ....