Rental income
This query is : Resolved
DEBASISH BODHAK
(Querist)
27 June 2017
Sir,
1) I am receiving 10 lacs from a partnership firm as partner (remuneration, interest), income from other sources 5 lacs, and receive 6 lacs from a rented property (commercial). Should I have to register myself to GST and collect GST from the tenant?
2) I am receiving 10 lacs from a partnership firm as partner (remuneration, interest), income from other sources 4 lacs, exempted income 1 lakh and receive 6 lacs from a rented property (commercial). Should I have to register myself to GST and collect GST from the tenant?
Thank you,
1) I am receiving 10 lacs from a partnership firm as partner (remuneration, interest), income from other sources 5 lacs, and receive 6 lacs from a rented property (commercial). Should I have to register myself to GST and collect GST from the tenant?
2) I am receiving 10 lacs from a partnership firm as partner (remuneration, interest), income from other sources 4 lacs, exempted income 1 lakh and receive 6 lacs from a rented property (commercial). Should I have to register myself to GST and collect GST from the tenant?
Thank you,
Amol S Joglekar
(Expert)
27 June 2017
no, you need not go for gst registration
DEBASISH BODHAK
(Querist)
28 June 2017
Thank you sir.
Please tell me which of the following income should be considered for GST registration for an individual? salary, capital gain, house rent (commercial, residential), business profit and other sources income.
If I get 15 lacs (remuneration and interest) from partnership firm and 6 lacs from house rent, then should I go for GST registration?
Please tell me which of the following income should be considered for GST registration for an individual? salary, capital gain, house rent (commercial, residential), business profit and other sources income.
If I get 15 lacs (remuneration and interest) from partnership firm and 6 lacs from house rent, then should I go for GST registration?
Amol S Joglekar
(Expert)
29 June 2017
business income should be considered
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