Sir GST applicability and rates for rent receipts may please be detailed 🙏
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Quick Summary
This discussion clarifies the applicability of Goods and Services Tax (GST) on rental properties, particularly when the property is used for the furtherance of business. It confirms that a GST rate of 18% is generally applicable and should be charged on rent receipts. The thread aims to provide detailed information on these rates and how GST applies to rental income.