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Commerical rent - gst

164 views 1 replies

Libissa

Accountant

337 Points Joined April 2018

1.I am having Commerical Building i am recieve a monthly rent of Rs. 150000/- and collecting GST @ 18%

2. in addition i am having a mansion in which yearly i am receiving Rs.1800000/- Yearly ( EB Charges, Aminity Charges, Mansion Rent ) for mansion i want to collect the GST From Party

3.i am having Godown also for that i am collection Rs.10000/- as monthly rent but not collecting GST

4.additional Commercial Building Monthly Rent Rs.7500/-

i want to know that i need to collect GST for 2,3,4 one mentioned

Replies (1)

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

Under GST, “renting of immovable property” is included in schedule II of CGST Act which defines it as the supply of services on which the GST rate is 18%.

However Entry no. 12 of exemptionNotification no. 12/2017 dated 28.06.2017exempts the services by way of renting of residential dwelling for use as a residence.

So yes , if all the 2.,3,4 being used as commercial u have to charge GST