Here comes the rental property part that everyone asking us,first thing you have to know that GST slabs comes on 20 lakh annul income if you have such a income than you must know the effects on your rental business.
In GST all rental services like property rent, cab on rent comes all together. Step by step here we explain all rental business in details here below:
GST EFFECTS ON ELECTRONICS INDUSTRY IN INDIA: BEST GST SOFTWARE
In GST all rental services like property rent, cab on rent comes all together. Step by step here we explain all rental business in details here below:
- GST On Renting of Unmovable Property: As renting properties like house on rent/lease, flat on rent or lease, all come together as a service in GST. Before GST the tax rate here on this be 15 % as a service tax but in GST it goes up to 18 %. Important note is that GST will be applied for those property that are being used for business purpose not for residence purpose.
- The properties that are owned by registered religious trust or any other religious place are exempted from GST only if::::
- The rent on rooms on such a property is not more than 1000 rs per day.
- The rent of shops and other similar places is not more than 10000 rs per month.
- The rent of the community halls or other open spaces is not more than 10000 per day.
- Now for all other rented properties GST is 18 % implemented.
- Renting a cab, taxi services is exempted from GST no tax have to be paid for this.
भारत में किराए की संपत्ति और किराए पर आय, पर जीएसटी का प्रभाव: सर्वश्रेष्ठ जीएसटी सॉफ़्टवेयर
Checkout our some other related postsGST EFFECTS ON ELECTRONICS INDUSTRY IN INDIA: BEST GST SOFTWARE
Comments
Post a Comment