what is the commercial rent amount limit above which is gst applicable on it?
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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) applicability on commercial rent for the Financial Year 2017-18. It highlights that for religious and charitable trusts, specific daily or monthly limits apply before GST becomes applicable. Residential property rentals are exempt from GST. However, for all other commercial properties, GST is applicable from the very first rupee, with no exemption limit, provided the entity is registered or liable for registration.