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Gst on rent

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5 Points Posted on 17 July 2017

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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On 17 July 2017 at 23:05 Report
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Practice
4510 Points Posted on 17 July 2017

Yes 

He should charge GST on Rent

6 Reply
On 17 July 2017 at 23:07
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64 Points Posted on 17 July 2017
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 ?
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On 17 July 2017 at 23:43
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article
69 Points Posted on 18 July 2017
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!
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On 18 July 2017 at 02:58
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64 Points Posted on 18 July 2017
@ Praveen Singh...have you noticed that supplier and recipient are in different states. Now what is your opinion. Pls reply with statutes.
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On 18 July 2017 at 15:54
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5 Points Posted on 19 July 2017
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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On 19 July 2017 at 19:00
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5 Points Posted on 19 July 2017
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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On 19 July 2017 at 19:00


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