GST applicability on commercial Rent
This query is : Open
Santosh Dandekar
(Querist)
22 September 2017
Is GST applicable on the commercial Rent received by an Individual? Is it compulsory for receipent to register under GST?
22 September 2017
1. The turn over is exceeding 20lakhs then Registration is required. If not no need...
2. No... Not compulsory. But, the recipient is registered and landlord is URD then RCM ll be applicable to RD....
CA Rashmi Gandhi
(Expert)
23 September 2017
GST applicable on rent also.
But if your total receipts is less than Rs.2000000 then no need to get registered & pay tax on it......
Chhatra Singh Dugar
(Expert)
23 September 2017
Also keep in mind that if a business is run in a residential premises , one has to pay GST one is RD in GST or under RCM.
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