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TMI BlogService by way of renting of any immovable property other than residential dwelling.X X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, Now Service by way of renting of any immovable property other than residential dwelling is brought under RCM vide Notification No. 09/2024- Central Tax (Rate) dated: 8/10/2024. Queries are 01. What if Commercial rental income is exceeds Rs. 20 lakhs per year? 02. What if commercial property landlord is a non - resident individual? 03. Liability to register in Karnataka for commercial rental I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ncome is Rs. 40 lakhs or 20 lakhs? Please advice - Reply By Sadanand Bulbule - The Reply = The GST Act explicitly mentions that renting of immovable property for commercial purpose is a supply of service and taxable at a rate of 18%. However, small taxpayers with an annual aggregate turnover below Rs. 20 lakhs are exempt from GST registration. So liability to register is Rs. 20 lakhs and above per ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FY in respect of such service providers. - Reply By KASTURI SETHI - The Reply = I concur with the views of Sh.Sadanand Bulbule, Sir. Bangalore State does not fall under Special Category. Refer Notification No.10/19-CT dated 7.3.19 as amended vide 354/25/2019-TRU dated 29-03-2019 , Notification Nos. 3/2022-C.T. dated 31-03-2022 and 15/2022-C.T. dated 13-07-2022 - Service by way of renting of any ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... immovable property other than residential dwelling. - Query Started By: - CABayyaReddy DK Dated:- 11-1-2025 Last Replied Date:- 12-1-2025 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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