Gst rate on rent
MVN Ramkumar (Sr.AO) (111 Points)
22 June 2017MVN Ramkumar (Sr.AO) (111 Points)
22 June 2017
upasana gupta
(Finance Professional)
(3931 Points)
Replied 22 June 2017
Rent on immmovable property for commercial purpose fetch 12 per cent tax rate in GST Regime.You have to pay tax at the rate of 12% on plant and machinery given by one company to other company on rental basis.
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