GST on Rent

136 views 2 replies

Sanjeev Singh

Student

30 Points Joined January 2009

if i was allready charging service tax being rent was 12 lac p.a. now in GST shall i surrender the number being rent is less than 20 or i have to pay GST. please note that tenant is a company and taken the space for business use

Replies (2)

Neljo Davis ACA

Consultant

630 Points Joined October 2008

You can cancel registration. But the company will be liable to pay tax under reverse charge.

Sanjeev Singh

Student

30 Points Joined January 2009

thanks, so ultimately government dont want to loose revenue only compliance has been shifted to registered dealer. one more question in case of reverse charge this unregistered dealer has no responsibility like return filing etc ?