I was registered under VAT in Punjab and now migrated to GST in Punjab for my business(sole proprietorship) of textiles based in Amritsar.
In the name of individual I am receiving monthly rent of around rs.40,000 per month by renting 2 immovable commercial properties and both the properties are situated at New Delhi.I have inherited these from my parents.
Do I need to charge GST on rent?
If so, Can I use my business GST registration no. And charge IGST on rent?
I have textile business and will be having IGST credit at all the time. As we are not entitled for refund. Can we adjust the ISGT charged on rent with the IGST credit of yarn?
The confusion is some are saying I need to take separate registration under GST at New Delhi . Do I really need to? I am not have any business establishment in New Delhi.
Professional and detailed advice will be highly appreciated. thanks in advance.
Keshav Kakar,
9888216543.
keshavkakar @ hotmail.com
yes you have to pay gst on rent received by you from your commercial property at delhi.....
.but you need not to register separately in delhi for this (if you want than you can, but it is not necessary).....
if you chose not to register in delhi than you have to charge igst on rent amount. and you can also utilise your business credit against this amount.....(but if you register in delhi than you will have to charge cgst and sgst and you will not able to adjust your credit against gst on rent).
CAclubindia
