Suppose someone makes supply of exempt goods and also gives commercial property on rent...his total turnover from renting is less than 20lacs but from both businesses taken together is more than 20lacs...will he have to get registered and take one registration?And shall he have to thereby charge gst on rent received?
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Gst on rent
Replies (6)
Yes
He should charge GST on Rent
I am a salaried person in Jharkhand. I've let out my commercial property to a bank in West Bengal. Total receipts from salary, rent and other sources is less than 20 Lakhs. What are my GST implications ?
if your value of goods or services are less than 20 lakhs then you do nit require registration in such a case the GST shall be paid by bank under reverse charge mechanism!
@ Praveen Singh...have you noticed that supplier and recipient are in different states. Now what is your opinion. Pls reply with statutes.
But there is exemption for rent for a amount of 20 lakhs. So why should I have to pay gst. Like previously it was 10 lakhs above
But there is exemption for rent for a amount of 20 lakhs. So why should I have to pay gst. Like previously it was 10 lakhs above
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