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gst on rent
when should we pay gst on rent and is there any particular date to pay the tax and can pay the tax amount thorough gst portal please suggest me
Replies (1)
1. If the Owner is a registered person (with more than 20lakhs aggregate turnover and have took gst registration) he should collect gst by issuing a gst invoice.
2. If the tenant is a registered person but the owner is unregistered then the RCM comes into play ie. tenant should pay gst under RCM.
In both scenarios, the tax payer should file the return as same as normal dealer by paying tax in gst.gov.in portal by generating tax challan. Due date for payment of tax is before filing the return for the tax period.
2. If the tenant is a registered person but the owner is unregistered then the RCM comes into play ie. tenant should pay gst under RCM.
In both scenarios, the tax payer should file the return as same as normal dealer by paying tax in gst.gov.in portal by generating tax challan. Due date for payment of tax is before filing the return for the tax period.
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