Commercial rent
This query is : Resolved
07 March 2019
Hallo,
As you know now GST limit Rs. 40 Lacs from Rs. 20 Lacs. I have one commercial property and getting rent more than Rs. 40 Lacs P.A. The Rented Property in the name of four owners. It has been distributed Income into 4 owner. Then GST is applicable on said commercial property. We will issue 4 invoices to tenant .
Please advice me .
Regards, Vilas
As you know now GST limit Rs. 40 Lacs from Rs. 20 Lacs. I have one commercial property and getting rent more than Rs. 40 Lacs P.A. The Rented Property in the name of four owners. It has been distributed Income into 4 owner. Then GST is applicable on said commercial property. We will issue 4 invoices to tenant .
Please advice me .
Regards, Vilas
07 March 2019
GST not applicable as each owner rental income is less than threshold if owners have no other taxable income.
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