Easy Office
LCI Learning

Premium received is taxable under gst

This query is : Open 
Profile Image

Profile Image

(Querist)
13 February 2018 PREMIUM (NON- REFUNDABLE) RECEIVED ON RENTING OF COMMERCIAL PROPERTY BESIDES RENTAL INCOME. SINCE THIS PREMIUM IS RECEIVED FROM TENANT ONCE DURING LEASE PERIOD SO WE HAVE CONSIDERED THIS PREMIUM AS CAPITAL RECEIPT. I WOULD LIKE TO KNOW WHETHER THE PREMIUM RECEIVED BY LANDLORD IS TAXABLE UNDER GST?
Profile Image

Arpit

Profile Image

Arpit (Expert)
13 February 2018 yes GST shall be charged on the premium amount as well
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
13 February 2018 Yes... If it's non-refundable then GST will be charged as Advance even Landlord is registered...
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links