Is partner 's salary out of partnership firm is added to rent income of individuals. And if this amount is more than 20lac, then iis. GST no must
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Gst on rent income
Replies (2)
Dear PUNAM KAMRA.,
GST not applicable for Remuneration from Partnership Firm.
So,
Here taken only from the rental income (Note - Commercial Rental). If rental income not exceeding 20lakhs then no need to register under GST.
GST not applicable for Remuneration from Partnership Firm.
So,
Here taken only from the rental income (Note - Commercial Rental). If rental income not exceeding 20lakhs then no need to register under GST.
As per schedule III salary is not accounted as supply so not to be added to his aggregate income
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