Menu
GST on Rent
I have 6 properties, which I have let out. It comprises 4 commercial having monthly rent of Rs. 50000/- and 2 residential having rent of Rs. 20,000/-. These properties are shown as investment in my balance sheet together with my business assets and liabilities and I pay taxes on house property and business as well. Am I suppose to pay GST on properties let out ? If yes, I should pay on commercial rent or both commercial as well as residential.
Replies (3)
if you are already registered under GST, you are liable for gst on rent from commercial property. Residential property used for resident purpose not liable for GST.
If you are not already registered and pan based turnover including rent and other exceeds 20 Lakh regi req.
(These properties are shown as investment in my balance sheet together with my business assets and liabilities)
As per this I think You are registered under GST...
If Yes... Then Commercial rent is Taxable under GST and You must collect GST for the Rent.
As per this I think You are registered under GST...
If Yes... Then Commercial rent is Taxable under GST and You must collect GST for the Rent.
No ,... you are not required to get registered in GST, so no GST is applicable
Recent Threads
- Form 49AA - OCI card holder applying for PAN card
- Property purchase by parents
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
