GST & TDS on Property Rent in Maharashtra – Resident & NRI Landlord Guide
🏢 GST & TDS on Renting Property in Maharashtra – Complete Guide for Indian & NRI Owners Renting out property in Maharashtra — whether in Pune, Mumbai, Thane, or Nagpur — involves two key tax components: GST (Goods & Services Tax) and TDS (Tax Deducted at Source) . Understanding both is crucial for owners and tenants to stay compliant. 🧾 What is GST & TDS in Simple Terms GST (Goods and Services Tax): A tax on the supply of goods and services — in property terms, it’s charged on commercial rental income if the landlord’s turnover crosses ₹20 lakh in a year. TDS (Tax Deducted at Source): A portion of rent the tenant deducts before paying the landlord, directly depositing it to the government. It ensures that the landlord’s rental income is reported and taxed correctly. 💼 GST on Rental Income in Maharashtra When GST Applies: If property is commercial (office, showroom, warehouse, etc.), and Landlord’s total taxable turnover exceeds ₹20 lakh/year . When GST D...