Gst on godown rent

1963 views
User Avatar

ACCOUNTANT
131 Points Posted on 20 May 2020
sir please tell ME Tax rate on godown rent
0 Reply Share Follow
On 20 May 2020 at 09:55 Report
Replies (4)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) rate for godown rent. The applicable SAC code is 997212, covering rental or leasing services for non-residential properties like godowns. The standard GST rate for this service is 18%. It's also confirmed that Reverse Charge Mechanism (RCM) does not apply to godown rent payments.

User Avatar

Student
23693 Points Posted on 20 May 2020
SAC CODE : 997212

DESCRIPTION : Rental or Leasing Services involving own or leased non-residential property ( i.e. Commercial Property like Godown ).

GST Rate : 18%
3 Reply
On 20 May 2020 at 10:55
User Avatar

GST Practitioner
55067 Points Posted on 21 May 2020
Yes agree , it's 18% GST
Reply
On 21 May 2020 at 00:13
User Avatar

Tax Consultant
70 Points Posted on 09 August 2020
Do I need to pay for Godown rent on RCM?
Reply
On 09 August 2020 at 20:36
User Avatar

GST Practitioner
55067 Points Posted on 14 August 2020

No....................

Reply
On 14 August 2020 at 09:21

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V
  2. Form 146 foreign remittance us citizen
  3. GST 16(2) notice
  4. Which GSTR-1 upload error do you hit most often?
  5. Need advice regarding accounting fees
  6. Is it possible to get a refund for an accidental o
  7. ITR-3 Section P&L - speculative income - no bo
  8. Foreign Assets reporting
  9. Build corpus in HUF
  10. Queries with the new form 144

More recent discussions | Post

Related Topics :

Loading