Tag: Rental income

Rental income beyond Rs. 20 lakh to attract GST
News

Rental income beyond Rs. 20 lakh to attract GST

July 12, 2017

New Delhi: Income earned from renting out residential property has been exempt from GST. However, if the income exceeds Rs. 20 lakh by renting or leasing it for commercial purposes then it will attract levy. Revenue Secretary Hasmukh Adhia has said at the GST Master Class that if the house property is rented out for…

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