Sir
I want to ask if my rental income is 21 lakh &no other income.Will I have to pay GST on Rs 1 lakh or on whole Rs21 lakh
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Gst on rental income
Replies (4)
If rental income is for residential purpose......... No GST
For non-residential rental.... GST is charged at 18% without any basic exemption.
For first yr., if you register late......... GST will be charged from the date of registration.
yes totally agreed with Mr. dhirajlal
Sir
What about exemption limit of Rs 20 lakh for commercial rental income?
Till you are not registered, you may avail the limit (may be tenant liable to pay under RCM).
But once you are registered........... no limit. You have to charge GST from the date of registration itself....
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