dear sir
if we paid rent then how much gsg will be deduct and whats is limit of payable rent
and this should be applicable for trading and manufacurer firms
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Replies (3)
For commercial rent you have to pay 18% tax if your turover,which is aggregate turnover is above 20 lakhs.you have to include your total incone while calculating the turnover
Commercial rent rate is 18% Also if you are registered in gst then you have to pay tax under RCM if landlord is unregistered
Commercial rent rate is 18% Also if you are registered in gst then you have to pay tax under RCM if landlord is unregistered
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