Commercial rental income
This query is : Resolved
RAJA SINGH
(Querist)
06 August 2017
Commercial Rental Income below Rs. 20 Lakhs but Sales of goods above Rs. 20 Lakhs whether in the case also commercial rental income attract GST. in the Economics times dt. Jul 11 2017 Revenue Secretary Hasmukh Adhia said that if the house property is rent out for shop of office purpose, no goods and service tax (GST) will be levied up to Rs. 20 Lakhs. please light upon this.
CA R SEETHARAMAN
(Expert)
06 August 2017
In view of sale of goods exceed 20 Lacs your rental income below 20 Lacs attract GST.
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