Applicability of GST on tools on rent

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Job - Deloitte
86 Points Posted on 10 September 2021

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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On 10 September 2021 at 13:10 Report
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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.

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Job - Deloitte
86 Points Posted on 10 September 2021

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

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On 10 September 2021 at 13:16
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285 Points Posted on 10 September 2021
Yes you can pay gst @ 18% And This income report from Gstr-1 as well as 3b
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On 10 September 2021 at 18:40

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