What will be the gst on room rent?
This query is : Resolved
29 March 2018
What will be the GST on room rent income below Rs.1000/- in case of Charitable Trust? For Example, If a person stays in Room of Trust for Rs.800 per day for two days and pays Rs.1600 then is he liable to pay GST on Rs.1600/-?
CA R SEETHARAMAN
(Expert)
30 March 2018
Not liable to pay GST as it's exempt upto Rs 1000 per day.
Message likes :
2 times
30 March 2018
Thank you Sir!
Is there any slab system for rents above Rs 1000/-. or Flat 18% GST to be charged on all room rents Rs.1000 and above?
Is there any slab system for rents above Rs 1000/-. or Flat 18% GST to be charged on all room rents Rs.1000 and above?
02 April 2018
No GST payable if room rent per day does not exceed Rs 1000/-.
Yes there are slabs
for rent above Rs 1000/- but below Rs 2500- then tax rate is 12%
for rent above Rs. 2500/- but below Rs 7500/- then tax rate is 18%
and for rent above or equal to 7500/- then 28%
Yes there are slabs
for rent above Rs 1000/- but below Rs 2500- then tax rate is 12%
for rent above Rs. 2500/- but below Rs 7500/- then tax rate is 18%
and for rent above or equal to 7500/- then 28%
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