Whether GST is payable on rent ( Rs 10 Lakh per month) from residential property given on rent to Public Limited company for use
(a) as residence of Director
(b) as Guest house of the company.
As per Entry No 12 of NOTIFICATION NO. 12/2017 – CENTRAL TAX (RATE) DATED 28-6-2017
There is Nil GST on the Following :-
“Services by way of renting of residential dwelling for use as residence.”
My Opinion :-
- There should be no GST on residential property given for use as residence of Director
- There should be GST on residential property given for use Guest house of the company.
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sir we are filling return monthly basis and our some parties fill quartely . how to take input credit on monthly basis