Gst on rent
This query is : Resolved
08 February 2018
Sir,I m composition dealer (trader) under GST. I rented out commercial property towards Bank for 30000 per month against rent.What will be the implications of GST on rent as being composition dealer. Will rent be included in my total t/o..?
08 February 2018
Yes... Rent is included in Your total T/O...
But., You can avail the Composition Scheme...
But., You can avail the Composition Scheme...
08 February 2018
Yes, All receipts whether individual capacity or business capacity is immaterial, All receipts which GST applicable is taxable receipts.
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