GST jolt for real estate developers: Paying tax on rent they never got

MUMBAI:  Property developers  were already battling a pronounced demand slump for rented space, resulting in either surrendered tenancy or abysmally low rents. And they now have another problem to tackle – paying goods and services taxes (GST) at 18%  GST  on rents either not received or paid only partially.  As per the GST framework, tax has to be paid at the time of rais…