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Gst on rent

goyal (consultanat) (22 Points)

21 June 2017

If I have rented my Flat or Shop, Is GST apply.

If yes than who will pay the GST.

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15 Replies

upasana gupta (Finance Professional) (3931 Points)
Replied 21 June 2017

Rental income from residential properties used for residential purpose do not attract tax under gst regime.If services provided for commercial purpose then tax will be attracted at the rate of 18% under GST bill.

3 Like

Dev Kumar (Accounts Manager) (102 Points)
Replied 21 June 2017

if you (owner) are regd under gst then you will raise bill rent plus gst, and if you are below gst applicable limit, then the person who is liable to pay rent, have to pay gst under RCM.

1 Like

goyal (consultanat) (22 Points)
Replied 21 June 2017

What If rent is under 10000?

Lalit Nagpal (Assistant Manager) (541 Points)
Replied 21 June 2017

It doesnt make a difference

amit (accountant) (47 Points)
Replied 21 June 2017

AS PER THE LAW

karthik (masterminds) (30 Points)
Replied 21 June 2017

Rental Income from House Property will be taxed under the Head Income from House Property Under Direct Tax System. But rental income from commercial property is Currently, taxed under Service tax. But After implementation of GST it will be Compulsorily taxed

BS and Associates (Chartered Accountants) (86 Points)
Replied 21 June 2017

Rental Income from House Property will be taxed under the Head Income from House Property Under Direct Tax System. But Â rental income from commercial propertyÂ is Currently, taxed under Service tax. But After implementation of GST it will be Compulsorily taxed

Krishna Kumar (ARTICLES) (2 Points)
Replied 22 June 2017

When your total rental income or aggregate turnover exceeds limit specified under gst regime (its 20lakhs or something) and after registration under gst, then only you have to pay gst @ 18%