Gst on commercial joint property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 January 2018 Dear Sir,

Suppose if Yearly Rent Received Rs.30lk for the Jointly 50:50 holding property and the Holder not have any other Income then,

1, Can they both availed the benefit of 20lk exemption limit of GST ?

2, Or They have to register and get the GST Number due to Single Premises Rented even though Joint holding Ratio?

Thanks Advance for your valuable Response

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 January 2018 1 Both can avail 20 lacs exemption limit.
2 No need of GST registration as registration is person based.

Querist : Anonymous

Querist : Anonymous (Querist)

30 January 2018 Thanks for ur valuable reply

CA Suresh Jain

CA Suresh Jain (Expert)
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30 January 2018 This is absolutely right. No GST payable

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