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Gst on rental income

213 views 5 replies

Ronak

Manager

25 Points Joined August 2018

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

Replies (5)

nikhil

221 Points Joined February 2014

yes, u need to collect & pay gst as renting,leasing of jmmovable property is supply of service if. it is commercial in nature

Ronak

Manager

25 Points Joined August 2018

But i have read somewhere that you are liable to pay gst if its exceeds 20lac.

CA SUDHINDRA D S

Practising CA

761 Points Joined November 2011

Liable to register under GST is Rs.20lacs. If registration has been obtained, then the limit of 20lacs is not applicable and hence gst has to be collected and paid.

Ronak

Manager

25 Points Joined August 2018

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.

sundar

Accountant

27 Points Joined July 2011

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.