GST Rate for Income from Rent from Immovable Property

[Kalpessh Daftary]

Dear Sir,

We ( Company ) are register as required for Income from Rent from Immovable Property in service tax and now we also register under GST. We issue a invoice for the Rent from Immovable Property

Que. : What tax we had collect Tax and %

IGST % ?

SGST %?

GST % ?

Please clarified the GST tax %

Kalpesh Daftary

AI Summary

GST on Rental Income: 18% Rate with Full ITC; 9% CGST & 9% SGST Intra-State, 18% IGST Inter-State. A company inquired about the applicable Goods and Services Tax (GST) rates for income derived from renting out immovable property. They sought clarification on the percentage rates for Integrated GST (IGST), State GST (SGST), and Central GST (CGST). The response provided indicated that the GST rate is 18% with full Input Tax Credit (ITC). For transactions within the same state, the applicable rates are 9% CGST and 9% SGST. For inter-state transactions, the IGST rate is 18%.