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gst on rent received commercial property

Nilesh Wakodikar (Employees)     22 May 2019

Nilesh Wakodikar
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if property owner received rs. 25000 rental income monthly and salary income received is this applicable for gst registration. aggregate total turnover less than 20 lakh


Harish Panjwani (learner)     22 May 2019

Harish Panjwani
 43 likes  285 points

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No, as aggregate turnover remains below 20 lakhs.


Shivam RC (Student)     23 May 2019

Shivam RC
 2508 likes  19703 points

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Salary income is out of the purview of GST by virtue of Para 1 of SCHEDULE III of the CGST Act 2017. Hence no GST on Salary income.

As far as Rental income is concerned, Rent received from a "Commercial Property" is leviable to GST. Residential Property let out for Residential purpose is EXEMPTED by Notification No. 12/2017, CT ( RATE ) dated 28.06.2017.

Since your Aggregate Turnover does not exceed the threshold limit of Rs.20 lakhs, you are not required to take Registration under GST.

Warm Regards.

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