GST ON RENT (COMMERCIAL AND RESIDENTIAL PROPERTY)

GST ON RENTING OF IMMOVABLE PROPERTY FOR COMMERCIAL PURPOSE Renting of any immovable property for a business or commercial purpose would attract GST @ 18% on the taxable value. In case of Commercial purpose, GST would be collected by the Owner/ Landlord and would be payable to the GST Department under forward charge mechanism.  OWNER/LESSOR […]