Gst on rental income
This query is : Open
20 September 2017
Sir,
We have received d rental income 45,00,000
and we have paid the property tax 10,00,000.
My question is :
Can we paid the gst after deduction of property tax r before????
Please clarify
We have received d rental income 45,00,000
and we have paid the property tax 10,00,000.
My question is :
Can we paid the gst after deduction of property tax r before????
Please clarify
20 September 2017
GST is to be calculated on transaction value of supply, Hence GST will have to be paid on Reciepts from Rent and not on Value after deducting Property Tax.
20 September 2017
Property Tax is a different issue and for calculating GST on rent you need to calculate on total supply. And in this case supply is 45 lakh.
20 September 2017
The rental income is Commercial or Residential....?!
If Commercial GST is applicable...
If residential GST not applicable
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