Milan Shah (15 Points)
01 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185456 Points)
Replied 01 June 2018
" all unregistered tenant will rent spaces from unregistered landlord to save GST"
Why only rental servises........ all other transactions/supplies from URD to URD/consumer gets the same advantage....... So obvious.......
Kartikey Jain
(Intern)
(2382 Points)
Replied 01 June 2018
GST is to be charged @ 18% on renting of property for commercial purpose if the total supply of the landlord exceeds Rs 20 Lakhs in the year. However, no GST is chargeable if a residential property is rented out for residential purpose. In pre-GST regime too, Service Tax @ 15% was chargeable if the total taxable services of the landlord exceeded Rs 10 Lakhs.
Introduction of GST has infact doubled the threshold limit for the people involved in the business of renting of properties for commercial purpose.
Tenants who are unregistered and who cannot utilise the tax paid as input would definitely prefer a landlord who would not charge GST as it would inflate their expenses.
However it cannot be concluded that GST is the reason for aggravation of complexities and has impacted the business of renting.
Sandeep Satawkar
(Asst Manager - Finance)
(29 Points)
Replied 25 October 2018
Dear sir,
We have purchased Deep Freezer and rented out for commercial purpose. Now Inpur tax accumulated on purchase of material and output tax is payable on sale of Rental services.
Can we get ITC and Refund from the transactions.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(185456 Points)
Replied 25 October 2018
Did you capitallized input GST over deep freezer and claiming depreciation over it?
If yes, then no for ITC ........
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