Gst applicability on rental accomodation
This query is : Resolved
02 November 2018
Hii
I am the owner of Private Limited company having 2 forms of following business model:
1. Taking Property from the owner on Lease and further providing rooms to the customer with company own service package which includes various amenities. (here i am acting as owner)
2. Working as a property manager to House owners and Customers by bring bringing them together and charging commission from both of them. (here i am acting as property manager)
I want to know about the GST applicability on both of the above income stream. Also SAC code applicable.
Kindly provide your valuable advice.
I am the owner of Private Limited company having 2 forms of following business model:
1. Taking Property from the owner on Lease and further providing rooms to the customer with company own service package which includes various amenities. (here i am acting as owner)
2. Working as a property manager to House owners and Customers by bring bringing them together and charging commission from both of them. (here i am acting as property manager)
I want to know about the GST applicability on both of the above income stream. Also SAC code applicable.
Kindly provide your valuable advice.
12 November 2018
Yes , GST applicable on both the cases @ 18%. SAC code is 9972.
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