karan raithatha (15 Points)
20 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 20 June 2018
Rental of immovable property is mostly assessed under 'IFHP'; unless it is your specific business activity.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 20 June 2018
It is assessed as Income From House Property (i.e IFHP) (and not as business income)
karan raithatha
(15 Points)
Replied 20 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 20 June 2018
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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