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Commercial property rental income

200 views 2 replies

Uday Kumar

5 Points Joined October 2017

SIR,

ONE OF MY CLIENTS RECEIVING COMMERCIAL RENTAL INCOME WITH GST, BUT TENANT NOT PAYING REGULARLY, AND TENANT MIGHT TAKING 3 TO 4 MONTHS TIME TO DEPOSIT RENTAL INCOME, WHETHER OWNER IS RESPONSIBLE TO PAY GST EVERY MONTH OR ANY OTHER PROVISION IS THERE.

THANK YOU IN ADVANCE

Replies (2)

Sayan Gupta

Accounts Professional

176 Points Joined August 2016

The owner is liable to pay gst when one of these three events occurs namely receiving payment, issuance of invoice or completion of supply. Therefore in your case the owner is liable to pay gst in every month.