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SAC CODE FOR IMMOVABLE PROPERTY BY A PARTNERSHIP FIRM
Please provide SAC code and rate of tax for renting immovable property by a partnership firm
Replies (2)
| 997211 | Rental or leasing services involving own or leased residential property |
| 997212 | Rental or leasing services involving own or leased non-residential property |
Residential renting....... Nil rate
Non-residential renting........ 18% GST
We manage 3-4 apartments for the owners, We give it on rent for short stays of 1, 2 days to 1 month and more. What will be the applicable GST rate?
Owner wants us to collect all the amount in our company and he lets us keep 20% of amount collected and remaning we need to send to him from our bank account.
Will the GST rate be on the total amount we recieve for the occupancy from short stay tenenats
or
Will the GST rate be on the amount Owner let us retain ?
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