GST on RENT

you have to pay GST on reverse charge basis.....

yes. applicable... but composite dealer will pay RCM @ 1% without taking any input

big noooooooooo.....composition dealer will have to pay GST at regular rate in case of RCM......

Thanks for reply. we are regular registered . on all three people we should pay RCM?

whether regular or composition.....if you are registered and receive any goods and services from unregistered , than you have to pay GST at regular rate on that amount on RCM basis...

whether regular or composition.....if you are registered and receive any goods and services from unregistered , than you have to pay GST at regular rate on that amount on RCM basis...

akhilesh sir, can you give proof .

if you read language of the section 10 than it first says that "subject to sub section (3) and (4) of section 9"....this establish that he has to pay tax on reverse charge basis on regular rate as sub section (4) of section 9 overrules section 10......second proof is that section 10 says "0.5%/1%/2%" of TURNOVER in the state or ut"....and you must have kno

thank you akhilesh sir

Can input be taken of such RCM paid?

What if I use half of property for persoal use and half for professional services?

yes input can be take.....but credit will be available only for that part which is for the purpose of business.....in your case only half amount will be available for input credit......
But with little planning you can avoid tax on residential part.....you should make 2 separate contract with owner.....1 for business use between you and landowner.....2nd for residential purposes between your wife or mother (assuming she is not a registered person) and landowner....by doing this you have to pay GST on reverse charge only on the amount of rent paid for business use

Thanks a lot.

Renting of immovable property is coming under "service" and hence composition scheme will not apply.

I have rented out premises to SBI and rent is 92000 per month. kindly let me know whether I need to register for GST and charge GST to bank?