Resident rent income

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192 Points Posted on 04 March 2020
my client doing business of taxable goods he files return accordingly.but he has rent income of resident flat Rs.15000/,per month.so such flat rent income is taxable or tax free?
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On 04 March 2020 at 20:00 Report
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This discussion clarifies whether rental income from residential properties is taxable under GST. Generally, rent from residential houses used for residential purposes is exempt from GST. However, if the residential property is rented out for commercial purposes, GST at a rate of 18% would be applicable. Being a registered person providing house on rent does not automatically make the income taxable if it's for residential use.

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128162 Points Posted on 04 March 2020
Rental income from Residential house is exempted under GST.
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On 04 March 2020 at 20:12
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493 Points Posted on 04 March 2020
Suppose if I'm having 5 houses and I rented all of them at 15000 each/month and doing business of any taxable item so now in this condition does my rental income is taxable or not under GST
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On 04 March 2020 at 20:34
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128162 Points Posted on 04 March 2020
Rental income from Residential house is exempted under GST.
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On 04 March 2020 at 20:44
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493 Points Posted on 04 March 2020
OK bro but if a condition become like this that I'm a registered person and doing business of providing house on rent so In this condition also I will not pay tax in gst
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On 04 March 2020 at 20:48
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128162 Points Posted on 04 March 2020
Better to understand...

Rental Income from Residential House for residential purpose then it's exempted under GST. GST Tax not applicable as exempted...

In case the residential house rented to commercial purpose then Gst applicable....
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On 04 March 2020 at 20:52
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493 Points Posted on 04 March 2020
OK thanks bhai
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On 04 March 2020 at 21:12
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128162 Points Posted on 04 March 2020
You are welcome Bhai...🙏🙏🙏
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On 04 March 2020 at 21:28
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493 Points Posted on 04 March 2020
Can you please tell me that if I rented my house for commercial purpose than how much % GST will be applicable
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On 04 March 2020 at 21:56
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128162 Points Posted on 04 March 2020
Gst @ 18%
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On 04 March 2020 at 21:57
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493 Points Posted on 04 March 2020
OK thanks bhai
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On 04 March 2020 at 22:03

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