Building rent to school

699 views
User Avatar

ACCOUNTANT
524 Points Posted on 02 February 2021
sir,
we have gst , one building given rent to school. pm. 3lak., can we raise gst bill on the same rental income.
pls.
0 Reply Share Follow
On 02 February 2021 at 17:57 Report
Replies (3)
Quick Summary
This discussion clarifies whether GST is applicable when a building is rented out to a school for a significant amount, such as £3 lakh per annum. The consensus is that a GST bill must be raised on this rental income. The applicable GST rate for such services is confirmed to be 18%.

User Avatar

Tax Consultant & Practitioner
6195 Points Posted on 02 February 2021

Yes you need to raise GST invoice for rentals to school for such huge sum.

1 Reply
On 02 February 2021 at 18:12
User Avatar

46 Points Posted on 31 August 2021
What is the rate of gst ?
Reply
On 31 August 2021 at 12:07
User Avatar

Tax Consultant & Practitioner
6195 Points Posted on 12 September 2021

18% is the rate of gst to be applied 

Reply
On 12 September 2021 at 20:48

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. ITR-3 Section P&L - speculative income - no bo
  2. Foreign Assets reporting
  3. Build corpus in HUF
  4. Queries with the new form 144
  5. Updating form 10-ee and Schedule FA if there is ch
  6. Sale of property in SLUM area ....SRA
  7. GST applicability on Shipping charges
  8. Outstanding Demand in Income Tax: How To Respond?
  9. LTCG on property sale
  10. Capital gains incidence due to bonus shares

More recent discussions | Post

Related Topics :

Loading