GST on Rental Income
Query (Issue) Started By: – Ethirajan Parthasarathy Dated:- 20-11-2018 Last Reply Date:- 28-11-2018 Goods and Services Tax – GST
Got 7 Replies
GST
Due to litigation between landlord of commercial property & tenant, the rents were not received. Civil suit for eviction is likely to be filed.
\nIs landlord liable to pay GST under the above circumstances.
\nOne view could be that the landlord has to pay GST atleast to the extent of rental deposit already received. Is this view correct. What will be the situation after fully setting off the rental deposit.
\nReply By KASTURI SETHI:
\nThe Reply:
\nThis is an extract of FAQ dated 31.3.17
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n rate what will be the position after rental deposit is fully adjusted & tenant has neither vacated nor paying rent = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST on Rental Income Query (Issue) Started By: – Ethirajan Parthasarathy Dated:- 20-11-2018 Last Reply Date:- 28-11-2018 Goods and Services Tax – GSTGot 7 RepliesGSTDue to litigation between landlord of commercial property & tenant, the rents were not received. Civil suit for eviction is likely to be filed. Is landlord liable to pay GST under … Continue reading “GST on Rental Income”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15075","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15075"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/15075\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By KASTURI SETHI:
\nThe Reply:
\nThere is not an iota of doubt about leviability of GST on rental deposit. It is an advance. Dr.Govindarajan Sir has rightly opined.
\nReply By YAGAY andSUN:
\nThe Reply:
\nIt will be treated as payments made in advance (i.e.deposits) and adjust accordingly. Hence liable for charging of GST.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nWhen the deposit was received it was not taxable as it was not for the service rendered or to be rendered. But when it is adjusted against the rent to be receivable but not received then it looses its identity as a deposit and it takes the name of rent. Hence, when th<\/p>\n
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