Gst on rent

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Ek House rent pr diya h. Rent 4000 per month. Kya gst lagega
Replies (7)

Will renting out a property attract GST now?

According to the GST Act, renting out of an immovable property would be treated as a supply of services. GST, however, will be applicable only to certain types of rent such as:

  1. When a property is given out on lease, rent, easement, or licensed to occupy
  2. When any property is leased out (or let out) including a commercial, industrial, or residential property for business (either partly or wholly)

These type of renting is considered as a supply of services and thus would attract tax.

But sir turover to 48000 per year baithega. To bhi gst lagega

Gst on rent exempt if it is used for the purpose of residence 

 

Read this link to https://www.charteredclub.com/gst-rent/

Sarath sir gst on rent exempt if used for the purpose of residence. Pr kya isme koi limit h rent ki matlab monetary limit

Property is resident No such limit

When a Residential Property is let out for Residential purpose, then it is an Exempted Service as clarified by government vide notification no 12/2017 CT.
Since it is in the Negative list , rental income received by you will be exempted from GST even if your aggregate rent value exceeds ₹20,00,000 pa.

Yes,  No GST if residential property is let out for the purpose  residential purpose( other than commercial and industrial) irrespective of any rental amount. 


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