How is GST calculated when you rent out a commercial property for residential purposes?

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SERVICES
29 Points Posted on 11 January 2020

How is GST calculated when you rent out a commercial property for residential purposes?

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On 11 January 2020 at 11:47 Report
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Learner
2398 Points Posted on 11 January 2020
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.
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On 11 January 2020 at 12:52

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