If I have a property given on a rent for commerical purpose, I have to pay 18% tax on it , legally.
If in the month of November and December , My tenant has not paid me rent and pays me the rent relating to Nov , Dec and Jan in Jan itself.
When should (legally) , the tax should be paid ?
3 Replies
Account Bird
(157 Points)
Replied 03 June 2020
Jb ap Invoice Raise kre uske according next succeeding month me Tax Deposit, on or before the due date of GSTR-3B
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 03 June 2020
In case of supply of Services , the point of taxation is prescribed in Section 13(2) of CGST Act ,
clause (a) Date of issue of invoice or receipt of payment whichever is earlier.
(b) Date of provision of service or date of Receipt of payment
(c)........
So in case of Rent even though the invoice is not issued but as per Rent Agreement the provision for the same can be done on date mentioned on rent agreement (the due date of rent) .
So even if tenant has not paid the rent on the basis of provision the GST need to be deposited.
clause (a) Date of issue of invoice or receipt of payment whichever is earlier.
(b) Date of provision of service or date of Receipt of payment
(c)........
So in case of Rent even though the invoice is not issued but as per Rent Agreement the provision for the same can be done on date mentioned on rent agreement (the due date of rent) .
So even if tenant has not paid the rent on the basis of provision the GST need to be deposited.
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