GST on Rent payable of Commercial Property

This query is : Open

Keyur (Querist)
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17 January 2024 Sir/Madam

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.

thanks in advance.

RAJA P M

RAJA P M (Expert)
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19 January 2024 Are You asking about GST Tax compliance or TDS only...??? what about landlord's GST status....??

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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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.

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Keyur

Keyur (Querist)
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16 February 2024 Sir,

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%