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Rental Income

16 March 2019

sir my client getting rent from educational society and from hospital above 50lac per year is he liable to pay gst or tenant should pay plz clarify

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10 Replies

sheela More (student) (348 Points)
Replied 16 March 2019

He should charge GST to tenants along with rental charges and pay the same to government.

4 Like

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rajesh tiwari (122 Points)
Replied 16 March 2019

Thank you for your advice

Priya Kashyap (Student) (7053 Points)
Replied 16 March 2019

SIR,
1.legally the owner is liable to the government
2.In case not registered then tenant being registered is liable under RCM
but both may mutually decide who should bear tax
in your case rental income above 20l then AAP KI HOGI ZIMEDAARI

1 Like

Pawan (Manager) (30 Points)
Replied 16 March 2019

As per Gst rules the owner has to change & deposit the same as his total turnover in above 20 Lakh .

Priya Kashyap (Student) (7053 Points)
Replied 16 March 2019

but reverse charges should also be checked

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pritesh (CA Final student) (7101 Points)
Replied 16 March 2019

yes you have charge gst on rent

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 17 March 2019

No there is no reverse on Rent , cover under section 9(4).

As per section 7 CGST it's a supply , & Rental income from commercial property is taxable in GST.
Hence GST is levy on same

2 Like

Priya Kashyap (Student) (7053 Points)
Replied 17 March 2019

the person receiving rental income above 20 L has to register and pay GST accordingly.
no RCM applicable here ??

1 Like

Shivam RC (Student) (23683 Points)
Replied 17 March 2019

Rental Income from Commercial Properties is Taxable under GST. Only Rental Income from Residential House is Exempted from GST.

Hence GST is leviable in your case.

And as far as RCM is concerned, Section 9(4) is now for specified goods and services on specified persons. The Government has not yet notified the same.

1 Like

venkata krishna reddy (chartered accountant) (792 Points)
Replied 18 March 2019

Originally posted by : Pankaj Rawat
	No there is no reverse on Rent , cover under section 9(4).As per section 7 CGST it's a supply , & Rental income from commercial property is taxable in GST. Hence GST is levy on same