Gst on rent
This query is : Resolved
13 January 2018
I have gst registration, my commercial property is rented out for 3,80,000.00 per annum, what is the tax liability for me
13 January 2018
gst rate 18% on renting of commercial property
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13 January 2018
But I m under the limit of RS 20,00000 per annum, still do I have to pay tax, I have rented the property to a bank, and they refuse to pay gst, in this scenario it will be loss for me
13 January 2018
once you are registered you are liable to pay gst
13 January 2018
But since the bank is refusing to pay gst that means the tax will be going out of my own pocket, please clarify
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