Gst on rent and trading

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I recieve rental income of 7.2 lacs per annum. Also i am proprietor of a firm having turnover above 50 lacs. 

Will gst become applicable on the rental income?? Please advice.

Replies (2)

Yes. Both the supplies are based on same PAN number. Aggregate supply means supply of all goods or services or both based on same PAN number calculated on all India basis.

As per the GST limit of Rs20L per annum, You will have to enroll under GST and pay GST on rent because of your Propritor co, Since it is aggregated with your PAN as mentioned by Rajesh sir.

If you separate your proprietor co from your individual PAN, ( By registering it under OPC ( One person Company) Pvt LTD OR changing it to a partnership with your Wife / dad / Mom, You will not be liable under GST for rental income, since it is Rs.7.2L per annum.

Your OPC CO / partnership firm will come under GST if it's sales crosses Rs.20L per annum.

Take your call.


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