Rent receivable from immovable property.

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rajshwar dayal (Querist)

26 May 2017 HUF,of whom myself is KARTA has leased premises on rent @ Rs.60,000 per month to a Nationalised Bank for a period of ten years w.e.f 1st.Nov 2016. Querry:What would be the effect,if any of GST on HUF,after 1 st.July,2017-Is it required to be registered,considering that Rental Income from Immovable property shall be Rs.540000(9xRs.60,000) for the remaining part of financial year 2017-18.(b)Who shall bear the incidence of GST, Landlord (HUF) Service provider OR Tenant(Bank) Service Receiver.Please advise.R.Dayal(26/5)The premises is being used as a Branch in a Commercial area.

CA CS Jainam Shah

CA CS Jainam Shah (Expert)

26 May 2017 You are not required to register under GST.

rajshwar dayal

rajshwar dayal (Querist)

27 May 2017 CA CS JM Shah: Could you please provide a brief reason as to why registration is not required under GST

CA CS Jainam Shah

CA CS Jainam Shah (Expert)

27 May 2017 You are not required to to register in the current laws as your rent income doesn't exceed 9 lakhs and that's why you are not required to register under GST

rajshwar dayal

rajshwar dayal (Querist)

27 May 2017 Thanks please.Regards.R.Dayal

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