Rental income

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Anshuman Basu (Querist)
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18 June 2019 Sir
We have two type of Income:-
1. Maintenance Income
2. Rental (Residential Property ) Income . We give rent to Residential purpose.

We make invoice ( Sales Invoice) for Rs 37,000/- as a Rent (Residence purpose) and Rs 2,10,000/- as a Maintenance Income

We received A Invoice from Security Service Provider. They Not charge GST in their Invoice. They Mention “ GST on reverse Charges basis”
Now Question is :

1. Should we Charge GST In Rental Invoice? If yes, what is the Tax Rat?
2. Should we Show for Rs 37000/- as Rental (Residential Property) Income to GSTR 1 and 3B? if Yes, then which column we show the Amount ( Rs 37000/-)
3. Should We Pay RCM (Invoice from Security Service Provider) and what is the Tax Rate?
4. Should we take ITC of Invoice from Security Service Provider?

Please Guide us the Proper TIPS

With Regards

Anshuman Basu

CA Anita Bhadra

CA Anita Bhadra (Expert)
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19 June 2019 Rental income from residential property is exempted under GST (As per entry no. 12 of notification no. 12/2017- Central Tax (Rate) dated 28th June 2017, Services by way of renting of residential dwelling for use as residence are exempted from levy of GST without any conditions or restrictions.)

You need to pay GST on RCM for security services ( Notification No. 29/2018 – Central tax dated 31.12.2018 - With effect from 01.01.2019 Any Registered Person receiving security services (Service provided by way of supply of security personnel) from any person other than a body corporate is required to pay GST on reverse charge basis.)

Yes , You can take ITC for GST paid on RCM for security services