LAND RENT RECEIVED FROM HPCL
This query is : Resolved
11 June 2021
SIR
I HAVE A PETROL PUMP AND RECEIVING RENT FROM HPCL COMPANY RS 8820.00 AS BASIC RENT FOR LAND PER MONTH AND COMPANY IS PAYING NO GST ON THIS AMOUNT, NOW I WANT TO KNOW THAT SHOULD I HAVE TO PAY 18% GST ON THIS AMOUNT TO THE HPCL COMPANY IN GST B2B RETURN AND MY TOTAL LUBRICANTS SALE IS NEARY RS 100000.00 (ONE LAKH ONLY) PER ANNUM.
PLEASE GUIDE ME.
SAIYAM
I HAVE A PETROL PUMP AND RECEIVING RENT FROM HPCL COMPANY RS 8820.00 AS BASIC RENT FOR LAND PER MONTH AND COMPANY IS PAYING NO GST ON THIS AMOUNT, NOW I WANT TO KNOW THAT SHOULD I HAVE TO PAY 18% GST ON THIS AMOUNT TO THE HPCL COMPANY IN GST B2B RETURN AND MY TOTAL LUBRICANTS SALE IS NEARY RS 100000.00 (ONE LAKH ONLY) PER ANNUM.
PLEASE GUIDE ME.
SAIYAM
11 June 2021
Are you registered or liable to be registered? If yes then you will have to pay GST on rent
11 June 2021
YES SIR I HAVE REGISTERED UNDER GST BUT HPCL COMPANY IS NOT GIVING GST ON THE LAND RENT, IT IS PAYING ONLY BASIC RENT OF RS 8820.00 AND MY ANNUAL GST SALE IS ALSO LESS THAN RS 20.00 LAKH IN A FINANACIAL YEAR.
11 June 2021
Your turnover doesn't matter if you are registered.
Communicate with HPCL. You will have to charge GST
Communicate with HPCL. You will have to charge GST
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