gst for renting and other business
This query is : Resolved
13 August 2017
Dear Experts
one of my relative have manufacturing business( got the gst no.), guest house ( got the gst no) and he has also rent out his building for commercial purpose having rent less than 20 lakhs.
should he charge gst on rental amount or
can he charge gst on the basis of gst no of guest house or
he is exempt from gst in renting as the turnover is less than 20 lakhs.
13 August 2017
As combined turnover exceed 20 Lacs GST applicable on rental income.
Message likes :
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13 August 2017
thanks sir
it means gst should be charged on rent also irrespective of turnover of rent.
13 August 2017
Yes you are right...................
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