What will be the GST implications on rental Income?

Q&A ForumCategory: QuestionsWhat will be the GST implications on rental Income?
Saraf asked 3 weeks ago

A person who is registered Under GST, who gets supplies of goods or services from someone who is not registered beneath GST, will need to pay the GST beneath the reverse fee mechanism. Below the provider tax regime, there’s no provision of contrary mechanism, with appreciate to the lease paid by means of the usage of the lessee. The proposed GST Registration, due to the prolonged price and the levy below the reverse mechanism, will sooner or later make it dearer to take any industrial premises on lease.