GST on rental income
This query is : Open
Bhavana Lalwani
(Querist)
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
(Expert)
24 June 2017
In both case GST is chargeable.
Bhavana Lalwani
(Querist)
25 June 2017
but an exemption limit of 20 lakhs is mentioned
CA Rashmi Gandhi
(Expert)
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
(Querist)
25 June 2017
ohhk.. thank u mam!!
Message likes :
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CA Rashmi Gandhi
(Expert)
25 June 2017
Welcome.........
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