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GST on Rent

17 March 2018

if the assessee receives total rent of 22 lakhs during the year, 15 lakhs from commercial property and 7 lakhs from residential property then is he liable to get registration under GST ?

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11 Replies

RAJA P M ("Do the Right Thing...!!!") (127260 Points)
Replied 17 March 2018

As per My View...

No need...

dipti sharma (117 Points)
Replied 17 March 2018

ok thanks

achuth menon (274 Points)
Replied 17 March 2018

renting of immovable property is supply of service and turnover if exceeds 20 lakhs should take registration as per section 22(1)

1 Like

dipti sharma (117 Points)
Replied 17 March 2018

but rent from residence is except supply

1 Like

achuth menon (274 Points)
Replied 17 March 2018

i dont know about that if you have indulged in the business of renting it is supply of services

1 Like

srikumar (audit staff) (1203 Points)
Replied 17 March 2018

no gst liability

1 Like

Uday (Article Assistant) (411 Points)
Replied 17 March 2018

1. Turnover includes exempted turnover.
2.Renting immovable property for residence is exempted supply of service
3. As total turnover including exempted turnover exceeds 20 lakhs, he needs to get registered
4. He needs to pay GST on 15 lakhs

3 Like

RAJA P M ("Do the Right Thing...!!!") (127260 Points)
Replied 18 March 2018

Residential Rental not calculated in Aggregate Turn Over...
No need to take Registration under GST.

1 Like

Uday (Article Assistant) (411 Points)
Replied 18 March 2018

Can u please explain why resedential rent not to be included in turnover
Thank you

1 Like

MURALI NADIMINTI (502 Points)
Replied 18 March 2018

aggregate turnover includes Exempted turnover and Zero rated also. hence registration is required under GST.

1 Like

CA JIGNESH (PROFESSIONAL) (56 Points)
Replied 19 March 2018

The law says that “aggregate turnover” means the aggregate value of all taxable supplies, excluding the value of inward supplies on which tax is payable by a person on reverse charge basis, exempt supplies, exports of goods or services or both and inter-state supplies of persons having the same Permanent Account Number, to be computed on an all-India basis but excludes Central tax, State tax, Union territory tax, Integrated tax and cess. So residential property rent will be included for the purpose of calculating aggregate turnover. So accordingly dealer is liable for registration under GST when his "Aggregate Turnover" exceeds 20 lacs.

1 Like