sir/madam i want to give commerical plot for rent to 2 lakh rupees montly.
so i want to know whether gst apply or not
tds also apply.
kindly suggest
thanking you.
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Gst apply or not on rentel income
Replies (5)
Quick Summary
It is not with in the scope of gst , so gst is not applicable on rental income , it is with in the scope of income tax
Yes gst applies
It's a commercial property. levying GST is mandatory. In case if the let out is of a residential HP nature then it is exempted. But TDS is compulsory in both the cases.
Please send sample Legal Heir Affidavit to filing income tax return
If rental income is from residential house then it is exempt whereas if it is from commercial purpose then GST is attracted and tds is levied @ 10% if rental income exceeds RS.240000/- under section 194I
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