Notional RENT GST Applicability

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..... Notional RENT GST Applicability
Query (Issue) Started By: - K Balasubramanian Dated:- 14-2-2025 Last Reply Date:- 8-4-2025 Goods and Services Tax - GST
Got 3 Replies
GST
I am the owner o .....

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..... f commercial space. I am using this space for my CA FIRM and I do not charge any rent. Is GST payable under RCM from 10/10/2024 on notional rent? Reply By KASTURI SETHI: The Reply: Dear Sir, The fo .....

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..... llowing decision of AAR can be useful to arrive at concrete decision:- 2022 (2) TMI 1105 - AUTHORITY FOR ADVANCE RULING, TAMILNADU - IN RE : SHANMUGA DURAI   Reply By Shilpi Jain: Th .....

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..... e Reply: Related party transaction.  What is the GST registration status of firm and yours? If both are unregistered - no GST liability. Reply By KALLESHAMURTHY MURTHY: The Reply: Sir,  .....

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..... The commercial space in individual name is provided free of cost to your CA Firm. So there is a relationship of distinct persons. Since the commercial space is provided for the furtherance of busine .....

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..... ss, GST is attracted. The property owner is liable to pay GST under RCM and therefore mandatorily required to obtain registration. The notional rent can be valued based on market value or under Rule 3 .....

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..... 0 or 31 and pay taxes accordingly. 
Discussion Forum - Knowledge Sharing .....

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