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.
CAclubindia
