I have one query regarding company pay Rent of Commercial Property taken on Rent for Office purpose. Monthly Rent is of Rs.2,50,000/- and company also pay deposit of Rs. 8,00,000/- as per Agreement with the owner of property.
What is the GST liability and TDS liability to the Company and also to the owner of Commercial Property.
19 January 2024
The owner of commercial property to collect 18% GST from company and discharge the same through his GST returns. Company to deduct TDS u/s 194I of the Income Tax Act.
thanks for clarify me. one more question. owner of property have no gst no due to not liable to register under gst laws. (Individual) then company have to deduct rcm on this monthly rent? Company deducted tds on Rent @ 10%
CAclubindia
