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GST ON RENTING OF IMMOVABLE PROPERTY

abi raj (228 Points)

03 August 2017

Sir,
I have rented out a property by means of a licence agreement instead of rent agreement for own safety when any disputes arise. Can I write licence fee in the particulars column in the gst tax invoice instead of rent?
Thanks and Regards

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11 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (169790 Points)
Replied 03 August 2017

Yes, but the SAC code will be same !!!

1 Like

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abi raj (228 Points)
Replied 03 August 2017

Thank you Sir.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (169790 Points)
Replied 03 August 2017

Most Welcome, Dear

Pradeep Kaushal (ACCOUNTANT ) (59 Points)
Replied 17 August 2017

Hi Sir,

I have commercial property as well as two flats in apparments. i am charging GST @ 18% on commercial property. but i am not charged on flat's rent. So shall i pay reverse charge on flat's rent or not. please suggest.

the rent of both flat is below 50,000.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (169790 Points)
Replied 17 August 2017

Dear Pradeep,

There is NIL rate over rental of residential property for residential use. So, no need to charge GST over it, or pay under RCM.

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Pradeep Kaushal (ACCOUNTANT ) (59 Points)
Replied 17 August 2017

Thankyou So Much Sir :)

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (169790 Points)
Replied 17 August 2017

My Pleasure

Pradeep Kaushal (ACCOUNTANT ) (59 Points)
Replied 18 August 2017

Dear Sir,

My client is asking for rules or section for above answer. can you please share with me.

Thank You :)

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (169790 Points)
Replied 18 August 2017

Check Sr. 13 of NIL rated services as per GST rate schedule for Services

Refer: cbec/gst/Schedule%services

Pradeep Kaushal (ACCOUNTANT ) (59 Points)
Replied 18 August 2017

Thank You So Much Sir.

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Vikas (Accounts Manager in Pvt. Ltd. Co.) (54 Points)
Replied 18 August 2017

Hello sir,

Is there any provision for renting of immovable property for office purpose to the company by one of its related party for the consideration other than cash.