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Service accounting code in gst
what is the sac code & rate of tax for rent on immovable property service
Replies (3)
| 997212 | Rental or leasing services involving own or leased non-residential property |
GST charged at 18%
| 997211 | Rental or leasing services involving own or leased residential property |
GST NIL rate
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 ?
GST at 18% rate to be charged on the total amount you recieve for the occupancy from short stay tenenats.
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