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A Charitable Trust registered u/s 12A rent out a building to another society registered u/s 12A for running a recognized school. is Gst applicable on this or not? if yes, what is the rate?
Replies (3)
Yes it's taxable if it is rented out for business or commerce purpose not for charitable activities & it's rent is more then 10000/- per month.
Kindly refer S.no.1 & 13 of Notification 12/2017 CT (r)
Kindly refer S.no.1 & 13 of Notification 12/2017 CT (r)
The tenant is an registered society and having registration u/s 12 A of income tax act
here the exemption is not granted as per recepient. but as replied , if supply is for charitable activities & rent is not more than 10000/- pm its exempted.
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