Question ID :
36961
079710
my client resides in UP, owns a residential building having 5 floor at banglore and let out the same to company who manages PGs , flat, accomodation etc to their clients. There are 31 rooms in that building and company has given a Rent @ 7000/- p.m of each room to my clients i.e 217000/- p.m . my querry is that whether my client is require to take registration under GST and should charge the IGST @ 18% or there is exemption as considered the same as for residential purpose.
pl. clarify the same
Posted by
SANDEEP KAPOOR
on
Feb 04, 2019
Filed Under
GST
If the building is rented for residential purpose, no GST will be applicable. But if the company uses it as guest house, GST will be applicable.
Posted by
CA. chunauti dholakia on
Feb 04, 2019
Answer ID :
76245
Rental income for residential purpose is exempt from charge of GST by way of notification no. 12/2012 Central Tax (Rate) and relevant notification under Karnataka GST. More over a supplier of 100% exempt service / good need not take registration under GST irrespective of sales turnover.
Posted by
Ketan Kumar G Samdani on
Feb 04, 2019