Gst liability
This query is : Resolved
VINOD SALGAONKAR
(Querist)
09 September 2017
SIR ONE OF OUR CLIENT IS ENGAGED IN TRADING/RESELLING BUSINESS OF ELECTRONIC PRODUCTS, RENTING OF FLATS FOR RESIDENTIAL USE, RENTING OF SHOPS FOR COMMERCIAL USE. I.E. IS ENGAGED IN GOODS & SERVICES BOTH.
Q1 WHETHER HE CAN OPT FOR COMPOSITION SCHEME
Q2 IF NOT COMPOSITION SCHEME, WHAT WILL BE THE GST RATE ON RENTING OF FLATS FOR RESIDENTIAL USE & RENTING OF SHOPS FOR COMMERCIAL USE.
Q1 WHETHER HE CAN OPT FOR COMPOSITION SCHEME
Q2 IF NOT COMPOSITION SCHEME, WHAT WILL BE THE GST RATE ON RENTING OF FLATS FOR RESIDENTIAL USE & RENTING OF SHOPS FOR COMMERCIAL USE.
CMA Ramesh Krishnan
(Expert)
09 September 2017
Service providers cannot opt the GST Composition scheme except food restaurants.
Renting of flats for residential purpose is not attract GST & Renting of commercial shops attract GST @18%
Renting of residential property for commercial purpose also attract GST @18%
Renting of flats for residential purpose is not attract GST & Renting of commercial shops attract GST @18%
Renting of residential property for commercial purpose also attract GST @18%
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