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rental income in GST return
I m register under GST as a private limited company and my industrial property is on rent @ 15000 per month and I don't have any other business income. so I need to to file GST return showing rental income without paying GST
Replies (3)
if property name on company then yes it is mandatory for those who are registered under GST
Yes you have to show this Rental Income in your GSTR-3B Return. Rental Income from Commercial Property is Taxable under GST. However, Rental Income from Residential Properties let out for residential purpose is EXEMPTED from GST by Notification No. 12/2017 - CT ( RATE ), dated 28.06.2017.
Property let out to residential or commercial?if it is commercial then you Pay GST @ 18% on Rent Amount.
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