MR. A RECEIVED RENT FROM B( PRIVATE BANK) RS.1.20.000/- PM. MR.A APPLICABLE FOR GST? RATE OF GST. AND CODE?
Menu
Gst on rent
Replies (2)
Rent which is for commercial purpose shall be taxable at the rate of 18% but there is no thershold limit for rent if your turnover is above 20 lakhs then you are required to register under GST otherwise you are not required to registered.
under reverse charge gst on rent need to be paid by tenant if he register. is it right?
Recent Topic
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
Related Topics
CAclubindia
