18% GST on rent received

Q: I have a property in pune managed by property mgmt company. I receive a monthly rent of Rs 22000. the property mgmt company is already charging me 18% service fee. on top of it they are charging me 18% GST on the service fee. Is it ok to charge GST from the owner when the rental money recived is just Rs 22000 a month

booboo, Pune

27th September 2018

Rentals in Wadhwani Ganeesham , Pimple Saudagar, Pune

gst on commercial properties

gst on rent received

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Replies (3)

Please don't buy in this apartment, there is legal issue, before buying, please check with three to four members in this apartment

Manoj Das,

29th September 2018

Comment

GST on Rent is taxed 18% of the rent paid. However, it is important to note here that GST is only levied on Renting of Commercial Property (more than 20 lakh) but not levied on Renting of Residential Property.

Ankita, Ghaziabad

28th September 2018

Comment

Your property management company is making you fool charging you 18% service fee and 18% GST. Rental income received from residential house is exempt. But if you have given your unit to commercial enterprise, then it is taxable if you are getting more than Rs 20 lakh as rent.

Sneha Ambedkar, Pune

28th September 2018

Comment