is any threshold limit for commercial rent ?
5 Replies
CA Nipun Goyal
(Practicing Chartered Accountant)
(159 Points)
Replied 28 August 2017
Rs. 20 Lakhs and Rs. 10 Lakhs for other 11 States.
Ajay Prajapati
(512 Points)
Replied 28 August 2017
means as we r dealer we pay 9 lakh rent yearly ... landlord unregistered ... are we able to pay gst on 9 lakh or its exempt ???
Karan Jain
(43 Points)
Replied 28 August 2017
Yes, this will be subject to Reverse Charge. Consequently, you will have to pay GST on this transaction.
Anupam Goswami
(342 Points)
Replied 28 August 2017
owner cant take gst .but payee should give reverse if 5000 limit cross
Ajay Prajapati
(512 Points)
Replied 28 August 2017
is gst applicable for accounting charges expense if yes pls rate sir
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