sir
i m paying rent for godown 80,000/- per month so gst applicable on this rent amount please guide me
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GST ON RENT
Replies (1)
Gst is only levied on Renting of commercial property but not levied on Renting of Residential property.
In your case you are paying rent for renting godown which is for commercial use. Therefore, GST is applicable.
However, if the total value of services provided and goods supplied by owner of the godown during the year is less than Rs. 20lakhs and doesn't have a GST registration GST on Rent is exempt.
Note: The limit of Rs 20 lakhs is for all the states except the states mentioned below.
Arunachal Pradesh
Assam
Jammu & Kashmir
Manipur
Meghalaya
Mizoram
Nagaland
Sikkim
Tripura
Himachal pradesh
Uttarakhand
Where the limit is 10 lakhs
In your case you are paying rent for renting godown which is for commercial use. Therefore, GST is applicable.
However, if the total value of services provided and goods supplied by owner of the godown during the year is less than Rs. 20lakhs and doesn't have a GST registration GST on Rent is exempt.
Note: The limit of Rs 20 lakhs is for all the states except the states mentioned below.
Arunachal Pradesh
Assam
Jammu & Kashmir
Manipur
Meghalaya
Mizoram
Nagaland
Sikkim
Tripura
Himachal pradesh
Uttarakhand
Where the limit is 10 lakhs
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