REGARDING GST LIABILITY AND ITR TYPE


This query is : Resolved 

Quick Summary
If you rent out land for solar panel fitting and receive annual rent around £35 lakh, with TDS deducted under Section 194I(b), GST registration is mandatory. You can file ITR 2 if you have no other business activities.

21 December 2024 IF I GIVE LAND ON RENT AND TDS IS DEDUCTED BY THE TENANT U/S 194I(b) AND ANNUAL RENT RECEIVED AROUND 35 LAKH THEN GST NUMBER IS REQUIRED..??
AND WHETHER ITR 2 OR ITR 3 TO BE FILED?

21 December 2024 For what purpose the land is given for rent?
If for any business activity, then yes GST registration will be required as soon as the exemption limit is exceeded.
Can file ITR 2, if no other business activity.

23 December 2024 THE LAND IS GIVEN ON RENT FOR SOLAR PENAL FITTING.
THEN WHAT WILL BE EFFECT FOR ABOVE.

23 December 2024 Registration mandatory in this case.


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