Rent receivable from immovable property.

This query is : Resolved

rajshwar dayal (Querist)
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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)
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26 May 2017 You are not required to register under GST.

rajshwar dayal

rajshwar dayal (Querist)
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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)
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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)
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27 May 2017 Thanks please.Regards.R.Dayal

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