I NEED A CLARIFICATION VERY URGENTLY. I AM A DIRECTOR IN A COMPANY AND I RECEIVE SALARY, BONUS AND DIVIDEND WHICH IS NOT COVERED UNDER GST.
I ALSO OWN A COMMERCIAL PROPERTY WHICH IS GIVEN ON RENT AND THE RENTAL INCOME FROM THE SAME EXCEEDS INR 20 LAKH.
DO I NEED TO REGISTER UNDER GST FOR THE RENTAL INCOME OR THE COMPANY TO WHOM PROPERTY IS RENTED WILL PAY GST ON RCM AND CLAIM THE CREDIT?
CAclubindia
