Earlier there was a provision if indirect taxes but ever since the introduction of GST things have changed. I see you have concerns related to GST on rental income. You want to know how to avoid GST on rental income from commercial property and residential property perhaps. In that case, you’ve reached the right place and I have complete information for you.
GST on rental income from commercial propertyIf you rent out your commercial property, 18% GST is taxed. You can avoid GST on rental income from commercial property if the goods and services provided by the landlord are less than worth Rs. 20 lakhs annually and he doesn’t have GST registration.
If your commercial property is a room for which rent is less than Rs. 1000 per day, you will be exempted. Similarly, if rent on shops or other business units is Rs. 10000 or less per month, there will be an exemption. If you have a community hall or open area then you will get exemption if rent is less than Rs. 10000 per day.
GST on rental income from residential propertyYou should note that GST on rental income from a residential property is completely exempted. So you can avoid GST there.
I hope this clarifies your doubts on how to avoid GST on rental income.
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Authors Of The Question
How do I avoid GST on rental income?
Harnam
937Views
2 Year
2022-04-06T11:56:50+00:00 2022-04-07T10:29:22+00:00Comment
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