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personal property given on lease for residence does gst attracted?

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23 Points Posted on 03 August 2017
an individual has one residential property given on rent does GST attracks the rent income, an individual runs his own proprietory grocery shop and is registered in GST under composition scheme...
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On 03 August 2017 at 23:32 Report
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SEO Sai Gr. Hosp.
211612 Points Posted on 04 August 2017

Being service provider of renting residential property, which is nil rated; how can you opt for composition scheme?

581 Reply
On 04 August 2017 at 09:06
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23 Points Posted on 06 August 2017
primary business of the assessee is of grocery shop where opted for composition scheme

next the thing is he owns a resi prop which he has rented out

so in such case whether he need to collect GST from licensee

being residential personal property is he qualifies for coll of GsT?
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On 06 August 2017 at 09:35
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29 Points Posted on 06 August 2017
Earlier in service tax residential property for use as residence was in negative list. Thus not attracting service tax and the same applies in Gst regime as well. So one cannot collect Gst as per my oponion
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On 06 August 2017 at 10:03
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29 Points Posted on 06 August 2017
Moreover if you are registered as a composition dealer u cannot charge Gst in your invoice from any person. So in any way u cannot collect gst
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On 06 August 2017 at 10:05
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Chartered Accountant
314 Points Posted on 06 August 2017
I think, since his aggregate turnover exceeding 20 lakh (presummed since registered), he should report his tax free supply (renting of residential property) by taking another registration
9 Reply
On 06 August 2017 at 10:28


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