Gst
This query is : Resolved
02 May 2018
Dear,
I am having cloth business my sale is below 10 Lacs Rs. However i obtained gst registration under composition scheme and paying tax to the government properly. My concern is i am also having a property which i provided for commercial purpose to my tenant, whether GST is payable on that Rent. Rent recieved by me is RS 20000/p.m .
Please suggest with any notification if any
I am having cloth business my sale is below 10 Lacs Rs. However i obtained gst registration under composition scheme and paying tax to the government properly. My concern is i am also having a property which i provided for commercial purpose to my tenant, whether GST is payable on that Rent. Rent recieved by me is RS 20000/p.m .
Please suggest with any notification if any
02 May 2018
If You received Rental income then You can't opt Composition Scheme...
13 May 2018
The aggregate turnover as per GST is the aggregate of turnover of all goods and services provided under a common PAN. In this case, rental of property is a service and cloth business is trading of goods. GST is applicable on trading as well as renting of property. Moreover, you cannot opt for composition scheme since you are providing a service (renting of immovable property).
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