Gst applicable on commercial shops rented by partnership fir
will I have to charge 18% GST on shops and pay to govt or I am exempted as rental value is below Rs 20lacs as threshold limit.
The Commercial Property in Partnership Firm. If the firm is Registered under GST then You ll be receive Rental with Tax and pay to govt...
Threshold limit is only consider as registration require/Not purpose. Once registered all laws applicable based on Registration as RD/CRD...
As I am getting rent only 8lacs per year.
I will surrender my GST registeration.
So that I will not have to pay Gst from rent collected from shops.