Gst on rent

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

If yes than who will pay the GST.

Replies (15)

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.

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.  

What If rent is under 10000?

 

It doesnt make a difference

AS PER THE LAW

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
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
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%

under service tax it was taxable after a particular turnover of service i.e If the rent exceeds some limit. What is scinerio NOW ?

uma shankar

Their no reverse charge applicable on renting of immovable property. 

Please refer the list ,which will help you to indentify the services which are liable to tax under reverse charge mechanism.

Any suupply of goods and services (here immovable property for commercial use) for furtherance of business will come under RCM

we paid rent for commercial purpose Rs 11789 but landlord not have GST reg. Number, who will pay 18% GST on rent

If landlord is not regd under GST, then you will have to pay. You can take Input credit after payment of GST.

Sir, we paid rent for our godowns monthly 53 thousand to various people. One party only get 17 thousand. What we do now in gst?.


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