Gst on rent.
This query is : Open
Kiran Kadam
(Querist)
17 June 2017
Sir,
My friend receives rent 3000 per month. He has registration in gst. Then gst is applicable on rent.
Thanks .
CA R SEETHARAMAN
(Expert)
17 June 2017
GST applicable if the rent is for other than residential building.
CA Rashmi Gandhi
(Expert)
17 June 2017
Yes applicable but not required to register under GST as turnover is below Rs 2000000/-
Kiran Kadam
(Querist)
17 June 2017
He has Trading business with tu
Kiran Kadam
(Querist)
17 June 2017
He has trading business .which turnover more than 20,00,000
CA Rashmi Gandhi
(Expert)
17 June 2017
Then you have to register under GST.
Kiran Kadam
(Querist)
17 June 2017
Whether he has to collect and pay gst tax on rent
CA Rashmi Gandhi
(Expert)
17 June 2017
Yes you have to
Kiran Kadam
(Querist)
17 June 2017
He has registration for his trading business
Kiran Kadam
(Querist)
17 June 2017
He has gst registration for his trading business
Kiran Kadam
(Querist)
17 June 2017
Thanks mam
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