GST on Building given for Rent

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1244 Points Posted on 02 March 2022
Dear Team,

My client has his own business and is registered under GST. He has also purchased a residential building in the name of the company and has given the building on rent to residents.
Is he liable to declare the rental income under GST?

Please help. Thanks.
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On 02 March 2022 at 19:08 Report
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Quick Summary
A business owner registered for GST is seeking clarification on whether rental income from a residential building purchased by the company and rented to residents is subject to GST. While some advise that residential rentals are exempt from GST, others suggest checking for specific exemption notifications. The consensus leans towards GST not being applicable for residential properties rented for residential purposes, though commercial rentals would incur GST.

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122 Points Posted on 02 March 2022
Show in exempt supplies
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On 02 March 2022 at 20:29
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CFO- at NHTF
58280 Points Posted on 03 March 2022
Yes.You need declare rental income also under GST.

Check if there is any exemption notification applies to you for residential , dwelling units
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On 03 March 2022 at 08:18
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435 Points Posted on 03 March 2022
Only tds will deduct.... if it comes under tax slab tds..... residential k liye GST exempt....
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On 03 March 2022 at 15:27
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CFO- at NHTF
58280 Points Posted on 03 March 2022
Tds can't be deducted on Rental Income ..
1 Reply
On 03 March 2022 at 22:31
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35 Points Posted on 04 March 2022
No gst will b applicatie on dwell residential but if rent is given for commercial purpose gst will apply
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On 04 March 2022 at 00:20
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Chartered Accountant
5010 Points Posted on 04 March 2022

No, GST will on rent apply because residential property has been given for residential purpose only. 

 

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On 04 March 2022 at 12:52

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