RENTAL INCOME
Query (Issue) Started By: – PAWANKUMAR GARG Dated:- 5-9-2017 Last Reply Date:- 8-9-2017 Goods and Services Tax – GST
Got 5 Replies
GST
Sir, I am a registered person having GSTIN and receiving rental income from BANK, Whether I am liable to pay GST on rental income or not. Please let me know whether I am liable to submit bill to the bank (under primary liability and charge GST) on other hand what will be status if BANK pay GST under RCM.
Reply By KASTURI SETHI:
The Reply:
You are liable to pay GST on rental income if you cross threshold exemption. Renting is not under RCM.
Reply By MARIAPPAN GOVINDARAJAN:
The Reply:
I endorse the views of Shri Sethi.
Reply By Subodh Modak:
The Reply:
Sir,
A different questi
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