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Giving flat on rent

03 July 2017

I have a flat which I intend to give on rent to some person who may or may not be registered.
Am I liable to collect GST on it from the tenant?

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4 Replies

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 03 July 2017

rental income from residential properties used for residential purposes would continue to be exempted even under the GST regime.

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Nitesh Gangaramani (Tutor) (28 Points)
Replied 03 July 2017

Alright.
Also kindly let me know what rate of GST would be applicable if the property is lena for commercial purpose. Any threshold limit for it ?

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 03 July 2017

rental of commercials property is chargeable under GST @ 18%.

The threshold limit is 20 lakh. For the purpose of computing the threshold limit of Rs 20 lakhs under the GST, all the taxable, as well as exempt goods and services supplied, shall be taken into account.

NITIN KOTAK (SERVICE) (1465 Points)
Replied 03 July 2017

you can refer the definition of supply , critical word used, furtherness of business, means if any service for business covered under GST. so rent towards non commercial properties not fall under GST, so GST not applicable.