GST on commercial space rent
TAYA JI (30 Points)
13 June 2017
Is there any GST on rent received on commercial property, because state property tax is already paying.
2 Replies
CS Nisha Nishit
(Practicing Company Secretary)
(326 Points)
Replied 13 June 2017
GST would be applicable on commercial property, if turnover exceeds the threshold limit.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 14 June 2017
GST @ 18% with full ITC required to be paid on renting of commercial property
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