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Rent Income

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5 Points Posted on 30 July 2017
Applicability of GST if any immovable property is given on rent for commercial purpose.
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On 30 July 2017 at 15:34 Report
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Chartered Accountant
79 Points Posted on 30 July 2017
GST would apply if rental income exceeds Rs. 20 lakhs (assuming neither assessee is having any other business nor is he rendering any kind of service)
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On 30 July 2017 at 15:54
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Student cum businessman cum professional
859 Points Posted on 30 July 2017
at the rate of 18%.
2 Reply
On 30 July 2017 at 15:55
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"Do the Right Thing...!!!"
128147 Points Posted on 30 July 2017
Residential property to given business purpose is not available.....
463 Reply
On 30 July 2017 at 16:07
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1167 Points Posted on 30 July 2017
Right sir
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On 30 July 2017 at 16:31
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cwa
149 Points Posted on 30 July 2017
only residential property given for residential purpose is exempt all other rent income is taxable under GST
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On 30 July 2017 at 16:53
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388 Points Posted on 30 July 2017
Ms Trupti, if you gave immovable property for commercial purpose then you shall charge GST on your tenant at 18%.
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On 30 July 2017 at 18:08
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"Do the Right Thing...!!!"
128147 Points Posted on 30 July 2017
@ Ahmed Ali.,
If he received below 20lakhs then what next...?
463 Reply
On 30 July 2017 at 18:17
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5 Points Posted on 31 July 2017
Thank You!
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On 31 July 2017 at 14:42
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5 Points Posted on 31 July 2017
Thank You!
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On 31 July 2017 at 14:42


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