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S.Ravichandra (Asst Accountant) 10 October 2019
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.
Shivam RC (Student) 10 October 2019
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%.