Is GST registration mandatory for turn over above 20 lakhs or 40 lakhs from Rental Income ?
Menu
GST Reg Liability
Replies (4)
Gst limits depending upon on the state which your are transacting, some states 10 lakhs limit,some states 20 lakhs and few states like andhra pradesh having the limits for services 20 lakhs and exclusive supply of goods limit is 40 lakhs
If you are providing rentals for the purpose of business it mandatory.
As per Section 22 of CGST Act it's 20 lac threshold limit for supply of services & in term of Schdule 2 , Para 5 , Renting of Immovable property cover under supply of services.
Though you can avert it citing sec 22 as an example. This is quite logical.
Recent Topic
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
Related Topics
CAclubindia
