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GST on Rent Income

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76 Points Posted on 27 January 2020
Rent Income Receive in current account so GST applicable or not, and if applicable than what is rate of GST apply ?
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On 27 January 2020 at 15:24 Report
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12 Points Posted on 27 January 2020
Whether rental income is belongs to residential or commercial.
if commercial then 18% will be charged
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On 27 January 2020 at 15:38
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"Do the Right Thing...!!!"
128147 Points Posted on 27 January 2020
If the rental income from Commercial Property then GST applicable @ 18%. weather if it's received through current account or Savings account or cash**...
463 Reply
On 27 January 2020 at 15:49
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12 Points Posted on 27 January 2020
Received through anymore
GST attracts 18%
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On 27 January 2020 at 15:51
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CA
428 Points Posted on 27 January 2020

If the business of the assessee is renting of property and rental amount is exceeding the exemption limit, then GST is applicable @ 18%. Renting of residential property is exempted from GST

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On 27 January 2020 at 16:37
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GST Practitioner
55067 Points Posted on 28 January 2020
Rent for Residential property is Exempted under Notification 12/2017 CT (R) , hence no GST Applicable on same . Yes if it is from Commercial property it's taxable & GST @ 18% is applicable
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On 28 January 2020 at 01:22


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