Tax payable or not

This query is : Resolved

Tara Jain (Querist)
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19 July 2018 Mr. A is in receipt of LIC Commission of Rs. 16 Lakhs which they receive after deduction of GST by LIC Company and he is not required to pay GST on it.
Now Mr. A is also receiving rent from a commercial property of Rs. 8 Lakhs.
I want to know whether Mr. A is required to take registration and pay GST on rental receipts as the gross receipts in total has crossed the threshold limit.

RAJA P M

RAJA P M (Expert)
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19 July 2018 Yes... GST registration required as per above said Incomes.

Udaya Chandran

Udaya Chandran (Expert)
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20 July 2018 As per my opinion, turnover doesn't include the supplies on which tax payable on RCM. No registration is required.

RAJA P M

RAJA P M (Expert)
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20 July 2018 Dear Udaya Chandran.,

Can You explain where is RCM paid this transaction?

Udaya Chandran

Udaya Chandran (Expert)
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20 July 2018 Insurance commission under RCM

RAJA P M

RAJA P M (Expert)
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20 July 2018 Pls clarify the RCM...
Who is service provider and who is receipient?

Udaya Chandran

Udaya Chandran (Expert)
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20 July 2018 Agent is the service provider and LIC is the recipient, recipient has to pay 100% RCM

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