Menu
Gst on rental incomes-reg
Dear sir
If suppose an individual getting commercial rental income from his/her multiple properties and his /her overall commercial rental income per annum is below 20 laks .Is he/ her liable for gst ?? is there any limit for commercial rental income which attract gst. I hope residential rental income would not attract GST .Kindly clarify dear experts.
Replies (6)
If all the commercial properties are situated in one state and commercial rental income per annum is below is Rs 20 lakhs, then it will not attract GST.
No seperate tunover limit is prescribed.
Residental rental will not attract GST, as Service Tax Exemptions will be continued in GST
what is the GST rate on Rental income of commercial property
18% Rate would be applicable
if supply of services cross limit of 20 lac who is liable to pay gst as in lease deed with bank clause is written that any sevice tax or gst will be reimburse if tax is applicable
so clarify sir
What will be accounting treatment of GST on rental income.
Recent Topics :
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
Related Topics :
CAclubindia
