Rent - reg

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2017 A Company situated in Tamilnadu having branch at Mumbai is paying advance rent of Rs.480000, to at the rate of Rs.20000 per month, which will be deducted over a period of 24 months. Kindly clarify the applicability of GST in this case.

CA Altamush Zafar

CA Altamush Zafar (Expert)
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01 August 2017 On payment of advance you will receive a receipt voucher. But you cannot take credits on the basis of receipt voucher. On month end end you will receive an invoice of Rs. 20000. You can take credits only to the extent of GST on Rs. 20000.