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.
\nReply By KASTURI SETHI:
\nThe Reply:
\nYou are liable to pay GST on rental income if you cross threshold exemption. Renting is not under RCM.
\nReply By MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nI endorse the views of Shri Sethi.
\nReply By Subodh Modak:
\nThe Reply:
\nSir,
\nA different questi<\/p>\n
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