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Hardik Patel   27 January 2020

GST on Rent Income

Rent Income Receive in current account so GST applicable or not, and if applicable than what is rate of GST apply ?

 5 Replies

Vamsi Krishna

Vamsi Krishna   27 January 2020

Whether rental income is belongs to residential or commercial.
if commercial then 18% will be charged

RAJA P M ("Do the Right Thing...!!!")     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**...
Vamsi Krishna

Vamsi Krishna   27 January 2020

Received through anymore
GST attracts 18%
CA Kiran Sutrave

CA Kiran Sutrave (CA)     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

Pankaj Rawat

Pankaj Rawat (GST Practitioner)     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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