I am a proprietor with a turnover of more than Rs 4 cr/yr. I also have a rental income from commercial property which is LESS than Rs 20 L/ yr. Will the rent attract GST or not ?
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Gst on rental income.
Replies (9)
Yes, liable for GST
Yes... GST atract for above said rental income.
T/O calculated your Proprietory business and Rental Income....
Not in separate calculation...
T/O calculated your Proprietory business and Rental Income....
Not in separate calculation...
Sir, How should the GST return be filed for it. Will it be along with our business GST return ? And how should we raise the bill ?
File with your business transactions + rental income...
Raise invoice for Rental +GST....
Raise invoice for Rental +GST....
Agree with the above answers.
Further you are liabile to deduct TDS under Income tax act as your rental income exceeds 180000
Further you are liabile to deduct TDS under Income tax act as your rental income exceeds 180000
TDS ll be duductible from Tenants end if they are eligible...
Oops.. Sometimes my mind boggles.. :)
thanks for the correction
| Originally posted by : Vinay Garg | ||
 |
Oops.. Sometimes my mind boggles.. :) |  |
Dear.,
It's not only for You. All are faced the same problems...
You feel "Sometimes my mind boggles". But., Myself it's blocked many more times...
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