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?
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Rent received by educational institution
Replies (3)
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
Hence rent reced is taxable & attracts GST.
Note : Rent for Residential property is Exempted
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
Adv.Rahul Gupta
9414094507
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
Hence rent reced is taxable & attracts GST.
Note : Rent for Residential property is Exempted
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