18% GST on rental income, who is taxable? explained simple (in Tamil)
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- Опубликовано: 16 окт 2024
- The GST council has announced 18% GST tax on rental income from residential dwelling, commercial space, lodge, hostel, wedding halls etc. This is from effect 18th July 2022. Who is taxable? the pros and cons, what are the alerts to landlord and tenant? these points are well covered and explained in tamil using a ppt presentation to show up four scenarios in GST.
Also, do share you comments in the comments section below. What you think about this gst on rental income, pros and cons, in your view.
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Don't mislead & confuse the Public
What is misleading here, I think you have not watched the video fully. I am not the one who announced gst for rent house, it is a public information,.. why don't you go and check the truth.. ok here is the link below, cleartax.in/s/impact-gst-on-rent
அங்கே தான் முக்கிய பிரச்சினை. நிறைய வீடுகள் கட்டி ரசீது கொடுக்காமல் வாடகை வாங்கும் நபர்கள் இனிமேல் income tax கட்ட வேண்டும்.
GST for rental income should be considered as double taxation as already property tax and CMWSSB tax have been increased exorbitantly besides increase in electricity charges. Entire GST recovery will affect the poor occupant of house. Fleecing money by Government cannot be accepted at all
Digital India
@@jebastin1501 When we have an Idiot PTR as Finance Minister and Tharkooruri Stalin as CM 😭.. AIADMK was far better... It's time to slipper out for DMK
Yes Sir, our house property tax 24,000/- per year. 40 years old building. Very worst government ernment,,😡
இலவதை நிறுத்தி, GST நிறுத்துங்க, சாப்பாட்டுக்கே வழியில்லை, GST க்கு கலந்துரையாடல்
i need paying gest(PG) or hostel GST videos can you explain videos?
Sorry sir.not explained simply to understand by ordinary people.but your concern is appreciable.pl upload another video to explain simply.thank you sir. 🙏
Very nice presentation. GST oru nattu veddikundu.
Micro and mini business establishment whose turnover is less than 40 lacs and those petty business commercial establishment not GST registered will suffer mostly by the above GST implementation.They have to pay 18% more over and above the rent being paid now.The amendment is not people friendly.
I request you to read the 47th gst council meeting changes in gst properly
சார் பார்ட்னர்ஷிப் கம்பெனி யில் உள்ள ஒரு பார்ட்னர்க்கு உண்டான வாடகை வீட்டிற்கு இந்த வரி பொருந்துமா?
What happens when small shop not registered in gst by an individual since not applicable to them and owner is not applicable in gst as well ?
No gst for either, shop owner or landlord, because both are not in gst.
GST not leviable to common public for residential purpose.
Useless central government
Yes, In case if the Land Lord is a GST registered person, they will collect the rent including the GST, by including it as lumpsum, ie., if one is paying 20000.00 before 18.07.2022, the Land Lord will increase it to Rs.23600.00 pm and he will show his invoice amount in RCM and take credit on his GST payment - So, instead of handing over an invoice to tenant, they will simply add overall rent and even if the GST Tax Invoice is Given to him, the tenant being a non-GST he has no avenue to get it back. Please clarify my mail ID is linked to this comment.
Yes you are right. The tenant who is the non GST payer can never get the RCM, it is only the GST payer gets it. This is how the taxation in our country.
What will be the status of house owners mainly depends on rental imcome?
Sir if you dont have GST, nothing for you. This GST is for people or company who have registered in GST and who take rental house, if they show their rental expenses they can claim their paid tax under RCM process.
Yov en sambalam 20 k vadaga 12k including maintenance and eb indhula gst vera katanuma otha sagavadhu vidivingala da ilana adukum gst katanuma
GST registered Commercial establishment paying GST on rent payable to the building owners can be claimed it on reverse charge.In that occasion the government does not get GST benefit by the above amendment.It will be extra work to the lessor as well as to the tenants in filing GST return. This rule has to be scraped.
exactly sir.
Sir I’m landlord gst not registered if I rent out commercial property what I should note in rental agreement. Is there rental income limit for gst creation and tax
20 lakhs is the limit for GST, anything above this amount for your GST number, you have to pay the GST bill
And one more clarification please - Incase if the Land Lord happen to be a non- GST dealer without including the Rental Income and in case if the rental income is considered , whether the basic lime of 20 Lakhs or 10 Lakhs as the case may be will apply on it that is by including the Rental Income.
Sir, if the landlord is a non GST, then he is not accountable to pay gst. If the income of the landlord is digital deposit, he is obviously accountable of his income when it goes above 20 lakh or 10 lakh..
Everyone Should Pay Tax, That is the only Way, No More Tax Exemptions
Sir, GST is only for GST registered people, not for non registered people..
Hi , I have given my house rental for commercial finance institute. I do not have GST , I do have rental income less then 5L per annum. In this case who has to pay GST ? Will my tenant insist me to pay ?
You don't have to pay GST, your tenant who has GST have to pay..
Sir, If possible please reply me - Now only I saw your posting and by and large you have given a classified analysis and expressed the law stand. Please if possible reply my both queries tomorrow
Sir, Other noise while recording. Pls avoid . Thanks 😊
Thanks sir, for your feedback, I will avoid this in future and also I will try to trim the noise in this video..
வாடகைதார் 2ndu varudam முன் court case pottu uillar . Enagu kalaa avgasam vendum entru . காலம் அவகாசம் முடிந்து விட்டது. ஆனால் courtil case நடக்குது. Ithargu oru thiruvu vandum
நான் ஒரு IT ஹோல்டர்.நான் எனது வீட்டு முகவரியில் GST LICENCE எடுத்து வியாபாரம் செய்து வருகிறேன் .எனக்கு GST 18% சிலாபுக்குள் வருமா ரிட்டனில் பைல் செய்யவேண்டுமா சந்தேகத்தை நிவர்த்தி செய்யுங்கள்
Yes
If Rs 1000per day rent then total in come per year is 360000 Three lacks and sixty thousand only. On the other hand GST is applicable only if your in come exceeds 20 Lakhs. Both are not in agreement. Pl check and clarify.
If a registered charitable trust or a religious trust owns and manages a religious place meant for the public, it is exempt from GST. This can happen only if-
The rent of these rooms is less than Rs. 1,000 per day
The rent of shops and other spaces for business is less than Rs 10,000 per month..
read the article completely in the link below..
cleartax.in/s/impact-gst-on-rent and
www.charteredclub.com/gst-rent/
Should be avoidable one
Thank u for lot of information sir.
வீடியோ பார்த்து மிக்க நன்றி 🙏 வாழ்க வளமுடன் 👍
Good explanation
அன்பரே....
வீட்டு வாடகை அல்ல.
குடியிருக்கும் வீட்டை அலுவலகத்திற்கு வாடகை விட்டால் 18% GST.
நீங்கள் பொதுவாக கூறினால் அது குடும்பம் குடியிருக்க வாடகைக்கு விட்டால் GST என்று அர்த்தமாகும்.
ஐயா குடியிருக்கும் வீட்டை அலுவலகத்திற்கு விட்டாலும் குடியிருக்கும் வீட்டை குடும்பத்திற்கு வாடகை விட்டாலும் ஜிஎஸ்டிக்கு உட்பட்டது.. ஆனால் ஒருவேளை வீட்டு உரிமையாளரோ இல்லை வாடகைதாரரோ ஏற்கனவே தங்களை ஜிஎஸ்டில் இணைத்து இருந்தால் அவர்களுக்கு மட்டும்தான் இது பொருந்தும்.. ஜி எஸ் டி யில் வாடகைதாரரும் உரிமையாளரும் தங்களை இதுவரை இணைக்கவில்லை என்றால் இந்த ஜிஎஸ்டி இருவருக்கும் பொருந்தாது..👍
வந்துட்டான் சங்கி
GST is penetrating too much into common man lives and burdening common man. Tax on food and every single thing isn't right thing to do..
All ministers get freebies from travel to accommodation etc!!! what burden they have and above that they take kick backs... 98% of politicians live for making huge short term quick bucks, so it doesn't bother them... . And the GST is too confusing for common people. To make it simple govts must say plainly.... Example Any house hold income crosses 5 lakh or 6lakh must pay 2% and above 10 lakhs pays 5% like wise then all will easily pay than squeeze off from common man too much from their struggling hard days earnings. With prices doubled on all goods and services since Russia Ukraine war, all has shot up. And above this you eat or buy anything all has GST and SST both centre and state taxes....isnt this a bigger burden on poor and middle class.!!? If smart, then the centre and the state, must make tax simple and easy and the percentage of tax on income in a family above 5/6/8 lakh pays a minimum of 2%, sure all will easily be ready to pay happily. Now squeezing everywhere from common people is disgusting and people may soon get frustrated and raise against be it govt at centre or state.
Oh, too much concern and worry for common man👍 patriotic🙏
அப்ப work from home என்ன கணக்கில் வரும்?
eppodhaiku no GST for work from home.. Ha ha ha
பின்னாடி எதுக்கு நிர்மலா குரல் தொந்தரவா இருக்கு அத எடுதிடுங்க pls .
உங்கள் கருத்துக்கு மிக்க நன்றி. 🙏 நிர்மலா அவர்கள் 2020- 21 பட்ஜெட்டில் இதைப் பற்றி பேசி இருக்கும் காணொளி தான் அது. நான் அவர்களுடைய வால்யூம் மிக குறைவாக தான் வைத்து உள்ளேன். உங்களுக்கு தொந்தரவு அளித்து இருந்தால் மன்னிக்கவும்..👍 இனிமேல் இரண்டு ஆடியோக்களை பயன்படுத்த மாட்டேன்..👍
@@ToletRealEstate எதுக்கு நீங்க மன்னிப்பு எல்லாம் கேட்குறிங்க 🙂 வெளி நாட்டில் இருக்கும் எங்களுக்கு நீங்க பெரிய உதவி செய்றீங்க ரொம்ப நன்றி 🙏 .
Today dinamani news no gst for rental people. Veryfiy this
Sir, thank you for bringing it up. Here is the article from times now today.
www.timesnownews.com/business-economy/personal-finance/18-gst-on-rent-will-house-rent-go-up-heres-all-you-need-to-know-article-93519424
Pls understand, GST is not applicable for non registered gst person, so most of the case, gst not registered people only.. So no worries. This is for company who pays rent for their employees, or any houses used for commercials, they pay GST.. in my video too I have said the same.. thank you once again.
Adhu kural matum ila adhuvey periya thondharavu dan
என் ஆர் ஐ பிரச்சனை என்ன தயவு செய்து விளக்கவும்
என்னங்க சாமீ சொல்றீங்க ? எனக்கு அலுவாச்சு , அலுவாச்சா வருது ! (மன்னிக்கவும் ஐயா )
எனக்கும் தாங்க
Mami effects 😴
@@jebastin1501 ஏசுக்கட்சி மதமாற்ற சோறிநாயே இந்த சாதிவெறிக் காட்டுமிராண்டிகளோட சேர்ந்து உன் நிஜ அஜென்டா என்னன்னு வெளிப்படுத்திட்ட...
Inimel
Oru tharan than.
Athukku Mel pona
Onnukku
Rendukkum
GST undu
அரசே கொள்ளையடிக்கிறது்
Abolish GST.
Incorrect working, please correct RCM is only for Residential property taken by the gst registered person.
Yes, this video is also about that only, pls watch the video, not just the title. I have explained it clearly, it is only for gst registered person.
Wrong information ..Check the government update
Which is wrong? Share the link to the website you learnt or explain the right information..
பிஜேபிக்கு ஓட்டு இல்லையே இல்லை
வணக்கம் சார் .தங்களிடம் சிறந்த யோசனைகளை பெற விரும்புகிறேன். தங்களின் தொடர்பு எண்ணை தெரிவிக்கவும். நன்றி.
Er. செல்வநாதன் .பரமக்குடி
Give correct information, for the sake of you tuber don't talk. Give proper information
Sir why don't you tell me what is that correct information or if you have any link please share this so that other viewers can also go through it. if my content is incorrect I am willing to remove the video, but prove me.. thank you.
BJP 24il govindha govindha govindha
Nina gst nadandha gst , kusu utta gst, vaandhi edutha gst, kakoos pona gst inum edukelam da gst poduvinga manam keta modi arasey, sari katra panam naatukavdhu use pandranungala, sila vaika, parliament katta, pm ku sogusu aircraft vaanga bjp veti velamabarathuku daney da use panringa, otta bucket la thani ropura kadha indha gst lam, erkanavey palukum thayirukum gst potachu otha indha petrol ku matum gst kondu varamatanunga lavda pasanga, indha natula pirandaduku vekka padren