How is GST calculated when you rent out a commercial property for residential purposes?
Menu
How is GST calculated when you rent out a commercial property for residential purposes?
Replies (1)
If your rent is less than 20 lacs then no need to charge GST, if your rent exceeds then rent plus GST, if you didn't charge separately then assume rent includes GST. Calculate GST as (rent/100+gst rate) *GST rate.
Recent Topics :
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
Related Topics :
CAclubindia
