gst on factory rent

According to the Schedule 2 of the GST Act, renting out of an immovable property would be treated as a supply of services. GST, however, will be applicable only on certain types of rent such as:

When a property is given out on lease, rent, easement, or licensed to occupyWhen any property is leased out (or let out) including a commercial, industrial, or residential property for business (either partly or wholly)

These type of renting are considered as a supply of services.

Yes it is taxable as it is covered under renting of immovable property. GST rate is 18%

Thanq

And if assesses’s income is below 2 lakhs???

20 lakhs

There is no link with income GST registration required on the basis of Turnover of the assessee. If Turnover exceeds threshold limit then registration required and GST has to paid