Gst on rental property for commercial purpose
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 June 2017
i gave my property to bank on rent. in our agreement the rent is 75000 rs per month. i receved 75000- 10%(75000)=67500.00 now after gst what is the amount that i recevied from bank as rent. and what is the treatment of gst
07 June 2017
Your rental income is less than 20 lacs hence no need for you to pay any GST.
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