My client received Rental Income from Commercial Property during 2018-2019 is Rs.35.00 Lacs and paying GST and Registered under GST. From April,2019 the GST Limit increased from 20.00 to 40.00 Lacs.
In Year 2019-2020 Income is as under;
Rent from Commercial Property :- 35.00 Lacs + FDR Int.Recd.:- 10.00 Lcas = 45.00 Lcas
Now there is liability of GST on Rent from April,2019 onwards or not or he can cancel GST Number or not....please Guide