GST applicability on rental income
This query is : Resolved
07 September 2021
If the Proprietor of a GST registered Firm has earned a rental income from a commercial property owned by him. Then whether the GST is applicable on that or not ? Total Rental Income is less than 20 Lacs and there is no income from the Proprietorship firm . Kindly suggest ?
07 September 2021
Since he is registered under GST, he has to pay GST on this rental income
07 September 2021
GST @ 18% is payable by the said proprietor
11 October 2021
Once registered, though voluntarily, all outward taxable supply, including rental income is subject to levy of GST.
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