Question121: One of my client run a
hardware and electrical shop. He has registration under GST in name of its
proprietory firm. A tower of Reliance is installed on the roof of its house from
last two years. He got its rent in his personal bank account. Now Reliance stop
rent to pay from last 3 months. It demanding a GST invoice for this from July
2017. we have filed all return upto march 2018.
Answer "The proprietor is charging GST on Hardware and electrical items
but not on rent."
Please note that GST is on PAN based even if the supply is made through
different verticals. You are considering shop and proprietor as two different
verticals. This is not correct. You have to pay tax on rent also. Since ITC by
the tenant can be claimed if tax is deposited before September. So deposit the
tax with interest and interest component is your loss.
You can issue invoice with different series for rentals. (reply dt. 05/20/2018)