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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

gst on commercial properties
gst on rent received
Latest Answer: Please don't buy in this apartment, there is legal issue, before buying, please check with three to four members in this apartment
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Pune Pimple Saudagar Wadhwani Ganeesham Rentals Rentals in Pune Rentals in Pimple Saudagar Rentals in Wadhwani Ganeesham
How will GST will applicable to builder?
Q: Is GST applicable on property after I get Occupancy Certificate from the builder?

gst
gst on commercial properties
gst for ready-to-move-in properties
Latest Answer: I agreed with the Padma. Ready to move in an apartment are exempt from GST. GST is only applicable on under construction House but the owner will get the Input credit only on the construction part. But since developer have to pay GST on the whole project and he or she will get credit only on construction cost consequently the rates for whether under construction or ready to use house cost will hike on the proportionate basis, in order to link the gap.
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Navi Mumbai Kharghar Property Tax Property Tax in Navi Mumbai Property Tax in Kharghar
GST on ready-to-move-in commercial property
Q: What will be the GST on a ready-to-move-in commercial shop from a builder wherein he is still waiting to get the Occupancy Certificate? Can the builder get the input benefit from the government on a deal?

occupancy certificate
gst
input credit
gst on commercial properties
Latest Answer: GST is applicable on properties that have not yet received the Completion or Occupancy Certificate. Ready-to-move apartments will have no GST but the developer will only get input credits on construction costs. Developers will collect and pay GST on the cost of the project.
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Navi Mumbai Kharghar Property Tax Property Tax in Navi Mumbai Property Tax in Kharghar
Is this 18 per. rate and below 5000 exemption is applicable for commercial
Q: No the said exemption is only for residential RWA societies, for commercial it is applicable from INR 1, if the association is having aggregate turnover above 20 L per annual as per GST law.Regarding second query if the association is working as pure agent , where actual liability is of the unit not society, than not applicable however in you case connection is in the name of society and same is collected on actual consumption basis GST shall be levied. The commercial unit can claim the same as input if they are registered. ?

gst
goods and services tax
gst on commercial properties
18% gst on commercial properties
Latest Answer: According to the Schedule 2 of the GST Act, renting out of an immovable property would be treated as a supply of services. GST, however, will be applicable only on certain types of rent such as a) When a property is given out on lease, rent, easement, or licensed to occupy, b) When any property is leased out (or let out) including a commercial, industrial, or residential property for business (either partly or wholly). These type of renting are considered as a supply of services. Service tax was set at 15% of the rent for commercial properties.
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