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Gst on rental for a propertior

249 views 5 replies

Kushal Wadhwani

7 Points Posted on 22 July 2018

Hello,
I am a partner in a partnership firm and our turnover is much more than 20 lakhs and thus my personal income is also more than 20. Now, I am renting out a property for 1 lakh a month. I don’t have a personal gst number. Now whether I am exempted from gst as my total rental income is less than 20 lakhs ? Or do I have to take separate personal gst number and pay gst on rent ? Also can I club this rental income in my firm ?? Thanks

Replies (5)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 22 July 2018

(thus my personal income is also more than 20)
What is this statement?
If your t/o is above 20lakhs with the rental (commercial) then Yes... GST registration is required...

If property is Your name then You can't club this income to Partnership Firm.

Kushal Wadhwani

7 Points Posted on 24 July 2018

I mean my firm turnover is more than 20 lakhs and the remuneration I get from the firm is also more than 20 lakhs. But individually I don’t supply any goods or services except rent.. Kindly advise

Kushal Wadhwani

7 Points Posted on 27 July 2018

I mean my firm turnover is more than 20 lakhs and the remuneration I get from the firm is also more than 20 lakhs. But individually I don’t supply any goods or services except rent.. Kindly advisr

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 27 July 2018

Good... The remuneration is not taxable under GST...

and

Is The rental income from Commercial property or Residential property...?

Kushal Wadhwani

7 Points Posted on 28 July 2018

It is from a commercial property.. my doubt is whether my remuneration income will be added to my rental income and henceforth will I be a liable for GST for rental income ?