I have a flat which I intend to give on rent to some person who may or may not be registered.
Am I liable to collect GST on it from the tenant?
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Giving flat on rent
Replies (4)
rental income from residential properties used for residential purposes would continue to be exempted even under the GST regime.
Alright.
Also kindly let me know what rate of GST would be applicable if the property is lena for commercial purpose. Any threshold limit for it ?
Also kindly let me know what rate of GST would be applicable if the property is lena for commercial purpose. Any threshold limit for it ?
rental of commercials property is chargeable under GST @ 18%.
The threshold limit is 20 lakh. For the purpose of computing the threshold limit of Rs 20 lakhs under the GST, all the taxable, as well as exempt goods and services supplied, shall be taken into account.
The threshold limit is 20 lakh. For the purpose of computing the threshold limit of Rs 20 lakhs under the GST, all the taxable, as well as exempt goods and services supplied, shall be taken into account.
you can refer the definition of supply , critical word used, furtherness of business, means if any service for business covered under GST. so rent towards non commercial properties not fall under GST, so GST not applicable.
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