Rent receivable from immovable property.
This query is : Resolved
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.
26 May 2017
You are not required to register under GST.
27 May 2017
CA CS JM Shah: Could you please provide a brief reason as to why registration is not required under GST
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
27 May 2017
Thanks please.Regards.R.Dayal
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