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GST on Rent Recd by person dealing in Tax Free Goods

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..... GST on Rent Recd by person dealing in Tax Free Goods
Query (Issue) Started By: - R.P. GUpta Dated:- 25-6-2017 Last Reply Date:- 26-6-2017 Goods and Services Tax - GST
Got 3 Replies
GST
5 .....

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..... Lakh Rent recd in Advance in April by the Proprietor dealing only in EXEMPT goods turnover more than say 10 cr. ??? 1. As I have made a single invoice for the whole year in April Iteself. Will GST be .....

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..... applicable on me. At present Service tax is not applicable. I have no other taxable service. 2. If GST is applicable in case 1 Can I show this rent meant for only April to June as GST is applicable .....

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..... from 1 July. Will GST be still applicable. Reply By KASTURI SETHI: The Reply: Dear Querist,. You have used the word 'RENT' and at the same time you say no service tax is applicable. Elaborat .....

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..... e the word, 'rent'. Rent against movable property or immovable property ? It is possible that you may be using the word, 'rent' wrongly. Pl clarify you query emphasing the word rent. .....

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..... Reply By R.P. GUpta: The Reply: Sir Rent is Lease rent for immovable residential property which is received in advance in month of April for yearly basis. Reply By KASTURI SETHI: The Reply: Advance .....

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..... received against exempted goods and services is not taxable under GST Act.
Discussion Forum - Knowledge Sharing .....

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