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k.lal.ca1983@gmail.com   14 October 2020

k.lal.ca1983@gmail.com

 5 points

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if a person is salary income and rent income if his rent income from commercial property more then 20 lacs its required to get registation under gst. mean limit is 40 lacs or 20 lacs for service provider
Shivam RC

Shivam RC (Student)     14 October 2020

Shivam RC
Student 
 2963 likes  23468 points

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Incase of Service Provider, the threshold limit for GST Registration is Rs. 20 lakhs. Since your aggregate rental income from commercial property exceeds Rs. 20 lakhs, you have to take registration under GST and collect GST @ 18% from the tenant.

Rs. 40 lakhs threshold limit is for suppliers engaged in "EXCLUSIVE SUPPLY OF GOODS." As per Notification No. 10/2019 - Central Tax, dated 07th March 2019, the GST threshold limit for Suppliers engaged in exclusive supply of goods have been increased to Rs. 40 lakhs w.e.f. 01st April 2019 ( 01/04/2019 ).
Nidhi

Nidhi (Chief Accountant)     14 October 2020

Nidhi
Chief Accountant 
 22 likes  383 points

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For Service providers, GST registration limit is Rs. 20 lakhs
in you case , 20 lakhs applicable

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