I am paying rent for office. Do I have to pay gst to landlord.
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Gst on rent
Replies (11)
If you are registered under gst than you are liable to pay gst under RCM @ 18% on Rent paid to landlord, but if you are not registered, there is no requirement to pay gst for the same
yes if both r not registered then no prpblem
Thanks deepak, I am registered but landlord is individual. further rent is 30K pm
are we eligible for input tax credit
Dear Mr.Devendar,
you are liable to pay GST @ 18% under RCM on rent. Because the rent is for business purpose, you can claim its ITC.
Further, you need to pay the rent to landlord after deducting 10% TDS, as the annual rent is more than 1.80 lakh.
you are liable to pay GST @ 18% under RCM on rent. Because the rent is for business purpose, you can claim its ITC.
Further, you need to pay the rent to landlord after deducting 10% TDS, as the annual rent is more than 1.80 lakh.
please tell us RCM charge after TDS deduct or before TDS deduct. how will RCM charge on bill?
- Rent on commercial property is taxable, but residential property is exempted.
- If the aggregate turnover of goods & services of the landlord all over India under the same PAN is over Rs.20 lacs, registration is mandatory.
- Tenant can take ITC if used for business.
- If landlord is not registered but tenant is registered, GST has to be paid by the tenant under reverse charge mechanism.
- Rate of GST on rent is 18% under heading 9972.
Dear Sir,
I have Provider the Franchisee Services for Fooding Restaurant. So please tell me the Under GST Services Name with HSN/ SAC code.
Regards
Ashish Kumar
Accountant
I have rented to a bank. My total TO is within threshold. Bank insists on deducting gst from the rent. Kindly advice
Dear sir, i want to know that i m paying the rent to lanload so i want to know that shall i m liable to pay gst on rent and shall i get the Input credit on that gst in RCM and should i deduct the tds on that rent amount. and i m a registered person . so shall i get the credit of that gst paid ?
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