office rent

14 July 2017

i am paying 3500rs office rent. my turnover is above 20lac. is there any gst liability on me or my landlord? if so, then what is the rate of gst?

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128029 Points)
Replied 14 July 2017

You have effected RCM on the rental amount. If the landlord is URD then you can fall under RCM for rent

GST @ 18% on Rent

Nilesh Jain (75 Points)
Replied 14 July 2017

is there any lower limit of rent on which gst is not applicable.

RAJA P M ("Do the Right Thing...!!!") (128029 Points)
Replied 14 July 2017

No more limit to RD

SYED SAIFULLAH QUADRI (12 Points)
Replied 14 July 2017

You may opt not to pay GST on RCM since it is below Rs. 5000 per day limit.

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