GST Rate Applicability

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NK1976

NK1976 (Querist)
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07 January 2020 Dear Sir,
Our company's land in one state and that land we have given on lease. Started a restaurant at that land and we will get 15% share of the restaurant business of the month.
Right now my question is what will be the rate of GST on this 15% share.

Please, Give us your valuable advice

Thanks & Regards
NK

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 January 2020 18% GST applicable on it.

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NK1976

NK1976 (Querist)
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07 January 2020 But what is the HSN/SAC Code

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 January 2020 SAC code 997212 Rental or leasing services involving own or leased non-residential property

NK1976

NK1976 (Querist)
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08 January 2020 As per me I have to charge 18% GST in bill of "revenue sharing", on rental income also GST is 18%. Revenue sharing is taxable under GST. HSN 999799.
Please advise

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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08 January 2020 Yes go as proposed.........

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