Applicability of GST on tools on rent

I have given tools on rent amounting to Rs 2,50,000/- to an individual. So Is GST applicable on the Tools given on rent?

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Quick Summary
This discussion clarifies the applicability of GST on tools given out on rent. Even if your primary business is construction and not renting, GST is applicable on the rental income. The current rate for GST on tools on rent is 18%, and this income needs to be reported in your GSTR-1 and GSTR-3B filings.

My principal business is not renting or leasing.  My principal business is of construction.

Yes you can pay gst @ 18% And This income report from Gstr-1 as well as 3b

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