Menu
Rent payment
hi, it's important to charge gst on building rent bill and what is Tds deduction limit.
Replies (3)
Quick Summary
If you are a GST Registered person, any Giving bill for rent of Commercial property (i.e Shop, factory ect..) than you are required to charge GST in your bill
Rent of residential property is exempt.
TDS is required to be deducted if rent amount is more than 2,40,000 per annum @ 10%
Note :If rent amount paid or credited during the period from 14th May, 2020 to 31st March, 2021 than TDS shall be deducted at the reduced rates i.e 7.5%.
Rent of residential property is exempt.
TDS is required to be deducted if rent amount is more than 2,40,000 per annum @ 10%
Note :If rent amount paid or credited during the period from 14th May, 2020 to 31st March, 2021 than TDS shall be deducted at the reduced rates i.e 7.5%.
If we use building for storage of exempt good then it's attract gst
Yes,GST is applicable on that also, whether we store Exempted goods or taxable goods.
Rent of residential property(Flat ect.) is only exempt.
Rent of residential property(Flat ect.) is only exempt.
Recent Topics :
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
- On which amount 200% penalty under section 270A is
Related Topics :
CAclubindia
