Applicability of Get on Rent

Damisetty Saketh (student) (108 Points)

28 April 2021

A person has turnover more than 1crore and his Rental Income is 10000 per month, Whether he is required to collect Gst.

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9 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 28 April 2021

If such rental income is related to a residential property, GST is exempted. In case of commercial properties, yes, you need to collect GST.

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 28 April 2021

If property is used for business purposes then GST should be collected

RENU SHARMA (1388 Points)
Replied 28 April 2021

Agree with Sourav ji

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 28 April 2021

If rent is from commercial property then gst needs to be collected even if such rental activity doesn't relates directly to your business.

Lotus Agrawal (Practice) (1361 Points)
Replied 28 April 2021

Agree with Mr. zafar

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 28 April 2021

Yes GST is applicable on rental income from Commercial property.

KAMLESH CHAUHAN (101 Points)
Replied 29 May 2021

Petrol /deisel truck rent income gst applicable?

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 01 June 2021

yes GST is applicable on petrol/diesel truck on rent.

Note : Its petrol/diesel is not cover in GST but rental services attracts GST.

kindly note : Transportation of Goods by road services is Exempted, if the same is provided other then GTA

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 01 June 2021

Where truck is given on rent GST is applicable.

Where such means of transport is provided for hire to a GTA then such hire/rent is exempt

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