Sir,
What will be the nature of business activity being carried out at above mentioned premises (section) for renting of immovable property under gst??
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Nature of business
Replies (5)
Rental of immovable property is mostly assessed under 'IFHP'; unless it is your specific business activity.
Sir bt IFHP is not mentioned in Portal
It is assessed as Income From House Property (i.e IFHP) (and not as business income)
Sir actually I was asking for amendment in gst registration.
So sir should it be leasing business or supplier of service
So sir should it be leasing business or supplier of service
Of course, it is supply of service....... and tax-exempt for residential rental supply...
Only non-residential rental supply is charged GST at 18% (provided supplier is registered)........
Code : '997212' ... Rental or leasing services involving own or leased non-residential property .........
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