GST on Rent | GST on HRA exempt | No GST on Proprietorship | New Notification
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- Опубликовано: 8 сен 2024
- New GST Rules - GST on rent of residential property has been introduced by the government, effective from 18th July 2022. In this video, we’ll talk about who has to pay GST on residential property, GST RCM, and who should register for GST in India.
Instagram Link - / expertcasachin
Tweet Link -- / 1558006218312265728
About the Video
Under the new Goods and Services Tax - GST rules, effective from 18th July 2022, a tax of 18% is now applicable to rent on residential property. The tax will be charged as per the GST reverse charge mechanism (RCM), where the tenant will pay the liable GST. Previously, no GST was payable on residential property rent, only rent on commercial property was taxed. However, as per the latest GST notification from the government of India, tenants who are GST registered will be charged 18% GST on their rented residential property.
As per the new GST rules 2022, it is not mandatory for the landlord to be GST registered, but the tenant of the residential property has to necessarily have GST registration. These rules will mostly affect companies who rent residential properties, like guest houses, for employees or for any other purpose, or small businesses operating from residences or house property. It will also affect business professionals carrying out their personal practice from rented residential property.
In this video, we’ll talk about the following concepts:
1. New GST Rules from July 2022.
2. How much GST to pay on rent?
3. GST RCM or Reverse Charge Mechanism.
4. How much GST tax in India?
5. New GST rule on residential property.
6. 18 percent GST on rent.
7. Who should register for GST in India?
8. GST on renting of residential property.
9. GST on commercial property.
10. Who will be affected by new GST rules July 2022?
11. How much payable GST on rented house?
12. New GST update.
13. GST on rent of residential property.
You always provide so real n useful information. In future you will for sure become India finance minister.God bless you more success
Thanks sir 🙏🏻
Thanks for clarification.
Is guest house hired by company for its employees, is covered under residential dwellings....
Can I pay gst if my rent income is more than 20 lakh from both residence and commercial property combine or calculate only comercial ?
What is GST rules for landlord
sec 8 company k upper video banaen
Thnks sir to clarify agian....🙏🙏
Thank you Sir.
You are most welcome
Great sir congrats u hve crossed 1 Lakh subscribers 👍🎉
Thanks Ved ji 🙏🏻😊
I m using premises in industrial area as a factory but premises owner non gst person who and how will pay gst..
Aap hamesha grow karenge
Sr ispe koi limit h kya amount ki ki itne s uper rent hoga to hi tax dena padega
Confusion sir pls do with an example pls
Good Sir Thanks for information
Im runing a busines of mobiles my landlord is not registered under gst.shall i have pay gst in rcm?
Sir I have salary income and business income. My business and residential address is same. My daughter is paying me rent to claim HRA. Do I have to pay GST on the rental income. I am registered under GST.
I am registered trader in composition scheme and running business shop at residential house. Pl let me know whether I am liable to pay GST on rent paid.
Ache Dian Kabh Ayenge????
Sir I am a businessmen having GSTIN in Delhi.
I have a Commercial property in Haryana received rent 18L in FY 22-23
Should i pay GST or i should wait for increasing the rent above threshold limit 20 Lakh for taking Registration in Haryana after that i will GST Please reply Sir🙏🙏
Sir mera comercial property pe office hai
But landlord gst regestered h aur mai gst regestred nhi hu.
Kal unhone mujhe june se ab tak gst ka bill banake bhena hai. Bhai pls help me .
And landlord inform me 5 days before.
Sachinji you explain everything so well,even layman will understand very easily thanks for that,tell me if I have a Garrage and its rented out to a restaurant for its store room and income is say 9 lakes per annum and I am already paying TDS,and I have apartment which is rented out to private tenant and income is 12 lakhs so in that case total income is 21 lakhs ,will I be liable to pay GST in combined form.
Yes gst registration mandatory
Gst charge on garage rent only
@@expertcasachin sir,thanks for reply but the rent from garage is only 9 lakhs it does not reach to, as you say upper limit is 20lakhs,will I still pay GST,I understand registration is must for reference,thanks once again God bless you.
Overall limit need to be check
Gst lagega
I am a student living as paying guest where owner is housing company, will gst will be applicable on us?
Verry nice
sir gst account maintain karvana hai turnover manage karna tha sir please guide me
Accounting kar lo fir
Mera parlour hai commercial building me kya uspar gst lagega
Rent par ya apke parlour par ??
Rcm on rent paid by composition dear for rent of shop or premises.?
No rcm on both now as per tweet
*PIB has clarified following through tweet and retweeted by CBIC on 12.08.2022*
▶️Renting of residential unit taxable only when it is rented to business entity
▶️No GST when it is rented to private person for personal use
▶️No GST even if proprietor or partner of firm rents residence for personal use
Sir please explain rented to employees is taxable?
Yes but only by company for director or employees
Sir gst numbers लेने के बाद भी 20 लाख तक कोई जीएसटी नहीं चार्ज करना है या करना mandatory hai?
Once gst registration taken
It is mandatory to charge gst
Sir diesel or petrol ki supply self k oil tanker se hoti h or depo wale rent paid karte h kya GST dena HOGA please confirm
Dear no gst
But take proper advice with facts and after discussion
sir mera ghar pe mai ek dukan rent pe diya huin dukan dar gst registered hai but mai nehi huin kon gst pay karega
No issue
No issue by any person
Good knowledge sir
Thanks 😊
What about composition gst holders is it mandatory to pay gst 1 % quarterly or not
They will pay on goods
But no gst on rent by him now he is exempt
sir my old building was gone in redevelopment 5.years beforewe wear getting rent n now new flat is ready 8.months rent is pending n builder is saying we wil charge 18.per Get on your rent we wil cut 18.per Gst n we wil giv u 8.months rent. is OK what builder is saying..can u plz guide me.... thnk u
I think builder not right
Ask him in which head or services he is demanding gst and confirm me
Sir me unregistered person hu aur residential house rent pe liya hu for residential purpose..par mera landlord registered hai..phir bhi wo document kyu mang raha hai hum se gst ke liye?
No need to pay gst by any one
@@expertcasachin Thank you sir🙏
Good analysis sir 👍
Thanks Ved ji
Sir what if a landlord rents a residential property to an e-commerce seller who does business with less than 30 lacs annually from home and is registered under GST.
Will that tenant be liable to pay gst on rent on rcm..
No gst now as per tweet
@@expertcasachin thnx sir... U r great
Sir .. e-commerce sellers ko bhi pay krne honge if unhone rent pr property liya hai or income km hai to?
No
Sir
If am GST registered dealer and I have given residential house on rent and I have earn 2 lac Per annum then can I need to pay GST on rent.
No gst by you
@@expertcasachin thanku sir
Sir rcm is applicable on any paid for rent??
No
Only for company pay for employees and director
I run a restaurant in a complex which is full of shops. There is no such space for owners to reside there. The property is registered as a residential property.
Do I have to pay 18% gst on RCM?