Rent par gst


Radha Raman   10 October 2019

Radha Raman

 6 points

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rent par kitna gst Lgta hy
or Lgta hy Ki perpas me Lgta hy
kitna %

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S.Ravichandra (Asst Accountant)     10 October 2019

S.Ravichandra
Asst Accountant 
 24 points

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GST on Rent is taxed @ 18% of the Rent paid. However, it is important to note here that GST is only levied on Renting of Commercial Property but not levied on Renting of Residential Property.

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Radha Raman   10 October 2019

Radha Raman

 6 points

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Rent par 5% bhi Lgta hy kiya sir

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Shivam RC (Student)     10 October 2019

Shivam RC
Student 
 1349 likes  11612 points

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Commercial Property ka Rent ya Residential Property ka Rent ???

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Radha Raman   10 October 2019

Radha Raman

 6 points

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Commercial property rent

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Shivam RC (Student)     10 October 2019

Shivam RC
Student 
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Rent received from letting out Residential House Property is Exempted from GST vide Notification No. 12/2017 - CT ( Rate ), dated 28.06.2017.

However Rent received from letting out Commercial Property is TAXABLE under GST. Rate of GST is 18%.

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Priya Kashyap (Student)     11 October 2019

Priya Kashyap
Student 
 830 likes  6833 points

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Residential let out is not taxed;
and commercial property is taxable .
is there any limit like above 999?

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Shivam RC (Student)     11 October 2019

Shivam RC
Student 
 1349 likes  11612 points

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No Priya Ma'am ...

There is no such limit for Commercial Property. If Rental Income from Commercial Property exceeds Rs. 20 lakhs, then GST @ 18% is applicable.

Warm Regards.


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