IS GST IS APPLICABLE FOR RENTING OF IMMOVABLE PROPERTY ? IF IT IS APPLICABLE PERCENTAGE OF TAX?
anil kumar (accountant) (59 Points)
29 June 2017IS GST IS APPLICABLE FOR RENTING OF IMMOVABLE PROPERTY ? IF IT IS APPLICABLE PERCENTAGE OF TAX?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174741 Points)
Replied 29 June 2017
Residential exempted
Non-residential............. 18% GST
Sanjeev Mohta
(COO)
(24 Points)
Replied 01 July 2017
Of the 18% what is the split between CGST & SGST??
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(174741 Points)
Replied 01 July 2017
Unless notified otherwise ....... CGST 9% +SGST 9%.............
Sanjeev Mohta
(COO)
(24 Points)
Replied 01 July 2017
Many Thanks for the quick response. I have another query - For jointly owned commercial property (75:25) given on lease. One owners rental receipt below 20 lacs. Does he need to register?
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