Will an Individual person receiving rent from an educational institution recognized as a Charitable society be required to Charge GST on such Rent ? The property is owned exclusively by the individual himself.
The School is registered under Indian Societies Registration Act of 1860 and also approval has been granted by Income Tax Department under Section 10(23)(C)(vi) of Income Tax Act, 1961
Rental Amount per annum is above the threshold limit of GST.
Kindly suggest.
Thanks
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Rent from a Charitable Trust
Replies (3)
1) if rental income exceeds 20 lakhs .individual has to take registration and charge AND Collect GST and pay to the government
Since the rent is being paid by a Charitable trust, will that still be covered under GST ?
Since the rent is being paid by a Charitable trust, will that still be covered under GST ?
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