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

Others 565 views 1 replies

Rakesh Ramkishan Pareek

GST Practitioner

50 Points Joined November 2013

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!!

Replies (1)

Sagar Patel

Tax and Business Consultant

11616 Points Joined July 2015

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....