GST on rental income which became due but the rentee did not pay any rent. Am i supposed to pay tax on rent which i will not be getting ? how to reverse any GST i paid on my own on due date without receiving actual rent or tax amount?
9 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 31 March 2019
Yes you are liable to pay GST even if the tenant has not paid the Rent .
john
(proprietor)
(51 Points)
Replied 31 March 2019
ok. i am liable to pay tax but if the tenant refuses to pay rent, what will happen to the tax i have already paid?
pritesh
(CA Final student)
(7101 Points)
Replied 31 March 2019
You are required to pay tax.. on bad debts you cannot reversed the tax....
by the way rent is received for commercial property or residential property?
by the way rent is received for commercial property or residential property?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 31 March 2019
As per 2nd Proviso of Section 16 CGST Act : Registered tenant have to Reverse the ITC for the same If payment is done to supplier (landlord ) within 180days
john
(proprietor)
(51 Points)
Replied 02 April 2019
sorry for the late response but
1. the property is commercial office space
2. tenants are all unregistered so no point of reversal of ITC.
3. if tenant wont pay any rent say for 6 months or 1 year, does that mean i will have to pay tax on all the months and not even sure if i will get my own rent let alone tax?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 02 April 2019
| Originally posted by : john | ||
 |
sorry for the late response but 1. the property is commercial office space 2. tenants are all unregistered so no point of reversal of ITC. 3. if tenant wont pay any rent say for 6 months or 1 year, does that mean i will have to pay tax on all the months and not even sure if i will get my own rent let alone tax? |
 |
If You are feel the Tax is Not received from the tenant Then You can reverse the Tax with Credit Note...
But, Before confirm the details from the tenant...
john
(proprietor)
(51 Points)
Replied 03 April 2019
what do you mean to confirm with tenant. the tenant is unregistered and i have not received any money. why should i confirm anything with the tenant?
john
(proprietor)
(51 Points)
Replied 03 April 2019
when to issue the credit note? how long to wait before issuing one?
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