Property Given on rent to Charitable trust with 12AA to run school, GST implication

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GST Practitioner
50 Points Posted on 27 August 2020

I have given a property to a charitable trust with 12AA registration running school from pre-primary to higher education. I am confused whether i should charge GST on bill raised for rent as the total amount for the year will be more than 20 lakh.

Please Help!!

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On 27 August 2020 at 11:58 Report
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Tax and Business Consultant
11616 Points Posted on 27 August 2020
For all commercial spaces (only residential Exempt) that are on rent, GST will be applicable at 18% on the taxable value and rent would be treated as a taxable supply of service.
There is no specific Exemption to charitable trust.
So, in your case GST is applicable....
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On 27 August 2020 at 14:09

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