Rental Income from commercial property
This query is : Resolved
Quick Summary
02 January 2020
I have already taken GST registration and my rental income is less than 20 lakhs per annum. Is it necessary to charge gst from tenant just because i have taken gst registration...??????
Rajesh Kumar
(Expert)
02 January 2020
Theoretically Yes. There is no direct exemption from payment of GST upto threshold limit. The exemption is provided through exemption from registration. Once a person voluntary registers himself, he is required to follow all GST procedures, and that includes payment of duty. Your legal advisor can try to find some way out.
KAVIRAJA ADDANGADI
(Expert)
03 January 2020
Yes you have to collect and pay GST on rent letout on commercial property
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