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GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services in India, includ

Explore the intricate world of GST on rental income in India with our comprehensive infographic. Gain valuable insights into tax rates, registration thresholds, and compliance requirements for residential, commercial, and temporary accommodation rental income. Stay informed and ensure seamless GST compliance for your property ventures.<br><br>read more - https://www.realestateindia.com/blog/gst-on-rental-income.htm<br>

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GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services in India, includ

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  1. GST ON RENTAL INCOME IN INDIA GST (GOODS AND SERVICES TAX) IS A COMPREHENSIVE INDIRECT TAX LEVIED ON THE SUPPLY OF GOODS AND SERVICES IN INDIA, INCLUDING RENTAL INCOME Rental Income Categories: RESIDENTIAL PROPERTIES GST Rate: Exempt Explanation: Residential rental income is exempt from GST in India, except in cases where the property is rented to a registered business entity. COMMERCIAL PROPERTIES GST Rate: 18% Explanation: Rental income from commercial properties, such as office spaces, shops, or warehouses, is subject to GST at the standard rate of 18%. TEMPORARY ACCOMMODATION GST Rate: 18% Explanation: Rental income from temporary accommodations like hotels, serviced apartments, and guest houses is subject to GST at the standard rate of 18%. Key Points Quick Notes Reference Citation Registration Threshold: INR 20 lakhs (for goods/services) or INR 10 lakhs (for services only) Landlords can claim input tax credits on expenses related to rental income, such as property maintenance, utilities, and repairs Input Tax Credit GST returns must be filed quarterly for individuals and monthly for businesses with a turnover above INR 5 crores Tax Filing Additional Links https://www.gstn.org/ (Goods and Services Tax Network) https://www.cbic.gov.in/ (Central Board of Indirect Taxes and Customs) www.realestateindia.com

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