GST Implications on Rental Income: What You Should Know
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Contents
Frequently Asked Questions
When is GST applicable on rental income property?
Ans. GST is charged at 18% on commercial properties but is exempt for residential properties used for personal residence.
Can I claim Input Tax Credit (ITC) on GST paid for repairs?
Ans. Yes, ITC can be claimed for repair costs, provided these expenses are not capitalised.
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