GST is applicable on house Rent
GST is applicable on house Rent
Now GST is applicable on house rent with effect from 18/07/2022. According to the Goods and Service Tax Act, renting out an immovable property would be treated as a supply of services. GST will be applicable to certain types of rent such as:
- When a property is given out on lease or rent commercial or residential purposes and
- GST registered person who taken such property.
GST on such type of property would be charge on reverse charges mechanism
How to download form 16 & PDF converter utility from trace TDS