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Rent received by educational institution


Usha Bonumaddi   16 September 2019

Usha Bonumaddi

 1 points

| My Other Post

Dear sir,

we are running an educational institution and we are receiving rent from tenant and what my query is

the tenant says since u are educational institution nd u r not required to pay tax on outward supplies so I won't pay get to u.

do we need to collect it?

avater

Pankaj Rawat (GST Practitioner)     17 September 2019

Pankaj Rawat
GST Practitioner 
 3471 likes  47012 points

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No......... only educational activities is Exempted by vide Notification 12/2017 CT(R) .
Hence rent reced is taxable & attracts GST.

Note : Rent for Residential property is Exempted

1 Like
avater

Rahul Gupta (ADVOCATE )     17 September 2019

Rahul Gupta
ADVOCATE  
 2 likes  25 points

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You have to pay the gst on rent @ 18% if it is not a residential property and u are also become liable for the gstn registration if u receive any rent other then residential prop. if your total aggregate turnover crosses rs.20 lakh.
Adv.Rahul Gupta
9414094507

1 Like
avater

Pankaj Rawat (GST Practitioner)     17 September 2019

Pankaj Rawat
GST Practitioner 
 3471 likes  47012 points

View Profile | My Other Post

No......... only educational activities is Exempted by vide Notification 12/2017 CT(R) .
Hence rent reced is taxable & attracts GST.

Note : Rent for Residential property is Exempted


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