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GST on building
Whether GST is payable on the rents received on a building given on rent to a Government department?
Replies (7)
Quick Summary
Yes GST would be applicable if the landlord is registered under GST or the total Rental Income exceeds Rs. 20 lakhs. Moreover the Government Department is required to deduct TDS @ 2% ( 1% CGST and 1% SGST ) under Section 51 of the CGST Act 2017 from the Rent payable if the aggregate value of the rent exceeds Rs. 2,50,000.
Here the Rental income exceeds 20 lakhs
Yes GST Applicable & In term of Section 22 of CGST Act landlord is required to obtain Registration if his aggregate turnover exceeds 20 Lacs per annum.
Yes @ Venkateswara Sir. You have to take GST Registration since you have crossed the threshold limit of Rs. 20 lakhs and the same was also mentioned by me in my previous reply.
Also the Government Department will pay the Rent after deducting GST TDS @ 2% U/s 51 of the CGST Act 2017 since the aggregate rent exceeds Rs. 2.5 lakhs.
Also the Government Department will pay the Rent after deducting GST TDS @ 2% U/s 51 of the CGST Act 2017 since the aggregate rent exceeds Rs. 2.5 lakhs.
Good answer .
Thank you all
Your always Welcome @ Venkateswara Sir...🙏
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