Do sublet residential property business need to declare GST

Hi Experts,

I would like to ask about sublet residential property need to declare GST after rental collected is over 500K.

Asked on March 11, 2018 2018-03-11 14:09:56 Business (商家)
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4 Answer(s)

Residential property is an exempt supply and there is no GST incur.  May I know what do you mean by sublet or rental?

Answered on March 12, 2018. 2018-03-12 06:12:17

Our business is to rent out the residential property in sublet mean rent out by room to student.

Due to in Klang Valley rental is high so once collected rental also easily more than 500K. Do we need to declare GST?

on March 12, 2018. 2018-03-12 09:18:51
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If you are making wholly exempt supplies you need not register for GST but if you are a mixed supplies then you need to register.  Do you have any other business besides rental income?

Answered on March 13, 2018. 2018-03-13 03:17:00

Yes, other than rental income we have charge for admin fee, late payment fee,  service fee. Is these income need to declare GST?

on March 13, 2018. 2018-03-13 08:17:06
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Yes. By right you have to report all your business income in the GST-03 Return in their respective column or Box.

Answered on March 13, 2018. 2018-03-13 09:04:17

It mean i need to declare rental income and other income in GST 03? Or other income to GST-03?

GST tax will more than my profit if included all the business income. 🙂

on March 13, 2018. 2018-03-13 15:08:24
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Yes.  You have no other alternatives.

Answered on March 14, 2018. 2018-03-14 00:29:27
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