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personal property given on lease for residence does gst attracted?

03 August 2017

an individual has one residential property given on rent does GST attracks the rent income, an individual runs his own proprietory grocery shop and is registered in GST under composition scheme...

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (166601 Points)
Replied 04 August 2017

Being service provider of renting residential property, which is nil rated; how can you opt for composition scheme?

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Rahul Mota (23 Points)
Replied 06 August 2017

primary business of the assessee is of grocery shop where opted for composition scheme

next the thing is he owns a resi prop which he has rented out

so in such case whether he need to collect GST from licensee

being residential personal property is he qualifies for coll of GsT?

Shobhit Sareen (29 Points)
Replied 06 August 2017

Earlier in service tax residential property for use as residence was in negative list. Thus not attracting service tax and the same applies in Gst regime as well. So one cannot collect Gst as per my oponion

Shobhit Sareen (29 Points)
Replied 06 August 2017

Moreover if you are registered as a composition dealer u cannot charge Gst in your invoice from any person. So in any way u cannot collect gst

Mohit Bansal (Chartered Accountant) (314 Points)
Replied 06 August 2017

I think, since his aggregate turnover exceeding 20 lakh (presummed since registered), he should report his tax free supply (renting of residential property) by taking another registration