GST on rental income

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Bhavana Lalwani (Querist)
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24 June 2017 if an assessee has given his residential property for commercial use on rent,what will be the impact of gst on that assessee? what will be the answer if assessee has given commercial property for commercial use on rent?

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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24 June 2017 In both case GST is chargeable.

Bhavana Lalwani

Bhavana Lalwani (Querist)
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25 June 2017 but an exemption limit of 20 lakhs is mentioned

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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25 June 2017 In case your turnover is below 2000000, then no need to get register in GST. But when you get registered in GST you have to charge GST irrespective of turnover.

Bhavana Lalwani

Bhavana Lalwani (Querist)
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25 June 2017 ohhk.. thank u mam!!

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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25 June 2017 Welcome.........

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