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Gst On Renting of Immovable Property🧵
In this thread we will discuss renting of both commercial & residential property 🕵️ (1/4)
#gst #tax #incometax #tds #gstn
In this thread we will discuss renting of both commercial & residential property 🕵️ (1/4)
#gst #tax #incometax #tds #gstn
1. Renting of Residential Dwelling.🏡
A) If residential dwelling is used for commercial purpose then GST is payable on Forward charge basis.(office etc)
B) If residential dwelling is used for personal purpose then the service is exempt for both registered & unregistered. (2/4)
A) If residential dwelling is used for commercial purpose then GST is payable on Forward charge basis.(office etc)
B) If residential dwelling is used for personal purpose then the service is exempt for both registered & unregistered. (2/4)
C) If Residential dwelling used for commercial purpose but as a residence i.e Guest house etc. by registered person then it's taxable under RCM.
D) If Residential dwelling used for commercial purpose but as a residence i.e Guest house etc. by unregistered then it is exempt.(3/4)
D) If Residential dwelling used for commercial purpose but as a residence i.e Guest house etc. by unregistered then it is exempt.(3/4)
2. Renting of Commercial Property.(Shop, Godown)🏪
A) Gst is payable under forward charge if owner registered
B) Gst not leviable If owner is unregistered. (4/4)
A) Gst is payable under forward charge if owner registered
B) Gst not leviable If owner is unregistered. (4/4)
Sorry if there is any mistake in thread.
in the process of learning so kindly rectify in DM if any.
Retweet & share for Max reach.😊
Do follow @Divs0401 for more such threads in future & Thanks for reading ❣️💯
in the process of learning so kindly rectify in DM if any.
Retweet & share for Max reach.😊
Do follow @Divs0401 for more such threads in future & Thanks for reading ❣️💯
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