GST Rate Applicability
This query is : Resolved
07 January 2020
Dear Sir,
Our company's land in one state and that land we have given on lease. Started a restaurant at that land and we will get 15% share of the restaurant business of the month.
Right now my question is what will be the rate of GST on this 15% share.
Please, Give us your valuable advice
Thanks & Regards
NK
Our company's land in one state and that land we have given on lease. Started a restaurant at that land and we will get 15% share of the restaurant business of the month.
Right now my question is what will be the rate of GST on this 15% share.
Please, Give us your valuable advice
Thanks & Regards
NK
07 January 2020
18% GST applicable on it.
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07 January 2020
SAC code 997212 Rental or leasing services involving own or leased non-residential property
08 January 2020
As per me I have to charge 18% GST in bill of "revenue sharing", on rental income also GST is 18%. Revenue sharing is taxable under GST. HSN 999799.
Please advise
Please advise
08 January 2020
Yes go as proposed.........
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