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Person have gst no. of his business and one residential property on the name of his business. If he receive income from his residential property, will it come under gst?
Person have gst no. of his business and one residential property on the name of his business. If he receive income from his residential property, will it come under gst?
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Shyamal Modi, Tax Advocate | Financial Advisor | Virtual CFO 
Answered on March 14,2022
Hello!
GST is not applicable on rent received on residential property let out for residential use!
If it is let out for commercial use, then GST @ 18% will apply.
Feel free to contact in case of any query @ +91 90333 77645
Regards.
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