Sir
I want to ask if my rental income is 21 lakh &no other income.Will I have to pay GST on Rs 1 lakh or on whole Rs21 lakh
Ashok Kamra (5 Points)
23 July 2017Sir
I want to ask if my rental income is 21 lakh &no other income.Will I have to pay GST on Rs 1 lakh or on whole Rs21 lakh
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 23 July 2017
If rental income is for residential purpose......... No GST
For non-residential rental.... GST is charged at 18% without any basic exemption.
For first yr., if you register late......... GST will be charged from the date of registration.
Ashok Kamra
(5 Points)
Replied 23 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 23 July 2017
Till you are not registered, you may avail the limit (may be tenant liable to pay under RCM).
But once you are registered........... no limit. You have to charge GST from the date of registration itself....