Hi,
I am a consultant that has recently applied for a GSTIN since my consulting revenue for the year is exceeding Rs 20L. I recieve rental income from a residential property and wanted to know if the income from this property will also be taxed under GST? If yes, at what rate will GST need to be applied and under what SAC/HSN code should it be filed?
You answers will be most appreciated.
Regards
Varun
"to know if the income from this property will also be taxed under GST?"
No; it is not taxable, provided rented for residential usage.....
Hi Dhirajlal,
Thank you for the quick response - Just to reconfirm, that the income from residential property rented for residential usage is not taxable under GST even if my total service income is greater than 20 lacs for the year?
Varun
Yes...... refer ..
| Heading 9963 or Heading 9972 |
Services by way of renting of residential dwelling for use as residence. | Nil | Nil | Nil | Nil |
From ::: https://cbec-gst.gov.in/gst-goods-services-rates.htm l
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
