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Gst

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(Querist)
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
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RAJA P M

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RAJA P M (Expert)
02 May 2018 If You received Rental income then You can't opt Composition Scheme...
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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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