Rent on residential building
This query is : Resolved
Quick Summary
k.b.nagesharao
(Querist)
24 July 2022
Dear All,
If the total rent from residential building is exceeds 20 lakhs per year shell the owner get registered under gst and to issue Rent invoice every month with gst component and submit returns every month. Please kindly advice in this regard,
Thanks in advance,
K.B.Nagesha rao
If the total rent from residential building is exceeds 20 lakhs per year shell the owner get registered under gst and to issue Rent invoice every month with gst component and submit returns every month. Please kindly advice in this regard,
Thanks in advance,
K.B.Nagesha rao
CA R SEETHARAMAN
(Expert)
24 July 2022
Rent from residential house is exempt from GST.
k.b.nagesharao
(Querist)
24 July 2022
What about GST on rent from resident building Fromm 18.7.20022.
CA R SEETHARAMAN
(Expert)
24 July 2022
That's for GST registered person payable under RCM.
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