GST on Rent

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TAX PRACTITIONER
158 Points Posted on 23 June 2020
A person having GST Registration and doing manufacturing business. Also having properties rented to bank. It is attract to GST. Please clarify.
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On 23 June 2020 at 19:48 Report
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Quick Summary
If you have GST registration and run a manufacturing business, you need to be aware of GST on rental income. Rent received from commercial properties is subject to GST. However, rent from residential properties is generally exempt from GST. This clarification is important for businesses to ensure compliance.

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Chartered Accountant
4524 Points Posted on 23 June 2020
Yes GST applicable on rent from commercial property. rent from residential property is exempted.
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On 23 June 2020 at 20:06
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TAX PRACTITIONER
158 Points Posted on 23 June 2020
Thank you.
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On 23 June 2020 at 21:31

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