I am proprietor of a pharmaceutical wholesale agency registered under GST having annual turnover of about 70 lakhs.
I own 1 residential property (family having no GSTIN for a rent of 20k/month)and a commercial property (rented to Gst registered business for 70k/month)
1. Do i need to charge and collect GST on rent from my both residential and commercial tenants?
2. Many people I know having similar situation don't collect gst on rent from their both rented out residential and commercial properties .
What should i do ? Please help with solution.
CAclubindia
