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Can add tax of gst rent of property

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dear sir
my all seniors member please guide me can assess add tax when his property on rent.for business purposes and resedental purposes.

i think your opinion is valuable for me.

hope u proper guidance to me.
Replies (2)
If tax is GST it should not be added
Incase of Residential House Property let out for Residential purpose : "GST NOT APPLICABLE since it is an EXEMPT SUPPLY."

Incase of Commercial Property : GST @ 18% is applicable.

A BRIEF EXPLANATION :

1). As per Mega Exemption Notification No. 12/2017 - Central Tax ( Rate ), dated 28.06.2017, Residential House Property let out for Residential purpose is EXEMPTED from GST. Hence you cannot charge GST on Rent from your tenant for Residential House Property. It's an Exempt Supply.

2). As far as the letting out of Commercial Properties are concerned, they are taxable under GST. The Mega Exemption Notification does not covers Commercial Property. Hence you have to charge GST on Rent from your commercial property tenants. It's a Taxable Supply. The applicable Rate of GST is as follows :

SAC CODE : 997212

DESCRIPTION : Rental or Leasing Services involving Own or leased Non-Residential Property.

GST RATE : 18%

Hope you understood Sir...

Regards,
Shivam RC.


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