Hello,
I need a suggestion from the experts in the community.
If I am having a rental income from commercial spaces which is less then 20lac and on other hand I am having a business too under proprietorship (REGISTERED UNDER GST). Then will i have to pay GST on the rental income?
PLEASE NOTE> Here my business is just a startup in e-commerce with a turnover of 5lac. As its a interstate supply therefore i have registered for GST.
-RONAK
But i have read somewhere that you are liable to pay gst if its exceeds 20lac.
Ok, Thanks for your answers.
Is there any way to save it. Because its like As i have registered for GST for my business, I just come under the neck.
It's quite disappointing for a startup community.
Sir,
I am working education instution (PUC) it will run by society there paid rent more than Rs.60 lakhs, then it will apply GST registration or not, please inform to us.
Chirag P Shah & Co. Chartered Accountant
Pune
B.Com
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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