GST on Rent Income:
Revenue Secretary Hasmukh Adhia said at the GST master class that:
(a) if the house property is rent out for residential purpose- NO GST at all.
(b) if the house property is rent out for commercial purpose (office/ shop)- NO GST upto Rs. 20 Lakhs rental income
(c) if the house property is rent out for commercial purpose- GST will be levied if rental income is more than Rs. 20 lakhs.