14 July 2017
The rent received by the individual is Commercial Rent and not Residential rent as the house is used by company for their staff and the company pays the rent. If the individual total rent receipts and business receipts is more than Rs.20 Lakhs then he is liable to register under GST.
Sir, is there any difference if, as per the agreement with the company, the occupant is only one employee and his family and it is specifically mentioned in the agreement that the flat can be used for their residential purpose only?
CAclubindia
