Gst on rental income
This query is : Resolved
04 January 2019
one of our clinet business is renting flats with other facilities. He is filing this income as business income under income tax act. is this income exempted from gst as it is given for residential dwelling even if it crosses 20 lakhs ?.
thanks in advance
thanks in advance
04 January 2019
GST exempt on such dewelling if per day rent is less than Rs 1000. As income is considered as business income GST applicable at par with hotel.
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