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Giving flat on rent

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Tutor
28 Points Joined June 2008
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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On 03 July 2017 at 00:13 Report
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Student cum businessman cum professional
859 Points Joined June 2017
rental income from residential properties used for residential purposes would continue to be exempted even under the GST regime.
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On 03 July 2017 at 00:19
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Tutor
28 Points Joined June 2008
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 ?
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On 03 July 2017 at 00:21
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Student cum businessman cum professional
859 Points Joined June 2017
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.
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On 03 July 2017 at 00:25
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SERVICE
1465 Points Joined November 2008
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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On 03 July 2017 at 08:24

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