Impact of gst on commercial rental properties
This query is : Resolved
13 July 2017
Good morning
Any one help me out with what would be the gst rate on rental properties.
First I use to get rent after deducting tds and the same I can claim for refund.
Now I am having question what I will get after is rent after deducting tds and gst, same I can claim for refund is that right?
Please advise
Any one help me out with what would be the gst rate on rental properties.
First I use to get rent after deducting tds and the same I can claim for refund.
Now I am having question what I will get after is rent after deducting tds and gst, same I can claim for refund is that right?
Please advise
13 July 2017
18% GST applicable on rental receipts exceeding 20 lacs per annum. You have to collect GST in addition to rent. File IT return claim TDS deduction.
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