the total turnover of all supplies made by you would be combined to compute aggregate supplies. In addition, theGST rateon commercial property rentals will be 18 percent. Rental revenue from a residential property, on the other hand, is tax-free. ...
GST is not payable on Human hair, unworked, whether or not washed or scoured; waste of human hair Semen including frozen semen. GST on Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage is nil rate. GST is not payable on sale of Fresh vegetables...
This tenant continues to pay rent to the owner as long as he is not sub-renting the premises. Additionally, the tenant has the option to sell the tenancy right of the said property and in such a case has to share a percentage of the proceeds with owner of land, as laid down in thei...
Sale and rental of unfurnished residential property Note: If you supply furnished property, the rent on the furnished item should be charged separately with GST where applicable. Sale where goods are delivered from overseas to another place overseas. Services Most local provision of services would ...
than 250 ancillary industries, and playing a vital role in generating employment across the nation. It has also been one of the prime areas of investments; having seen a substantial growth of 22% in the private equity space, and close to 9% in investments for residential properties in 2016....
Next, you will get an ARN (Application Reference Number) on your mobile or email. Note this down and fill out the Part-B Application Form for GSTIN. 4. Furnish Documents Attach the documents as requested, which include proof of business, bank statements, residential proof, PAN Card, certifi...
You own a building in Nova Scotia where you operate your retail store (a commercial activity), and you rent an apartment on the upper floor to a residential tenant on a long-term basis (an exempt activity). The rent includes utilities. Your utility bill for the building that is used for...
understanding various income residential status of individual residential status of huf residential status of company residential status of others 7.Computation of total income heads of income deduction under each head of income salaries income from house property profits & gains of business or profess...
It specifies that services related to the renting of any property (other than residential dwellings). This amendment will come into effect on October 10, 2024. IGST (RATE) Notification, Dated 8th October 2024 Three pharmaceutical products have been added such as Trastuzumab Deruxtecan , Osimertin...
residential status of individual residential status of huf residential status of company residential status of others 7.Computation of total income heads of income deduction under each head of income salaries income from house property profits & gains of business or profession ...