Gst against renting of immovable property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2017 Dear Experts,

If a company pay rent which is than Rs. 20 Lacs p.a., to an individual landlord.

Is landland have to register for GST or company have to pay GST against reverse charge ?

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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26 June 2017 If company is paying rent of more than Rs. 20 lakhs to an individual landlord then company is not liable for paying any tax under reverse charge under reverse it is duty of landlord to get registered under GST Act as his turnover is more than threshold limit of Rs. 20 lakhs and he is also required to issue tax invoice in terms of section 31(2).