GST Registration for Service Providers

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Accountant
3 Points Joined April 2013
Hello!
Rental income is Rs. 12 Lakh per annum and Interest income is Rs. 10 Lakh per annum, total Income is Rs. 22 Lakh. Now, in this scenario, will GST Registration have to be taken?
Please suggest.
Thank you
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On 09 May 2025 at 17:36 Report
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Master in Accounts & high court Advocate
9505 Points Joined December 2011

: Rental Income -

 *GST Exemption*: Rental income from residential properties is exempt from GST. However, rental income from commercial properties may be taxable. Interest Income -

*GST Exemption*: Interest income is generally not considered a taxable supply under GST, as it's not a supply of goods or services. GST Registration Threshold -

*Aggregate Turnover*: GST registration is required if the aggregate turnover exceeds ₹40 lakhs (₹20 lakhs for special category states) in a financial year. Analysis Based on the provided information: -

*Total Income*: ₹22 lakhs (₹12 lakhs rental income + ₹10 lakhs interest income) -

*GST Registration*: Since the total income is below the threshold limit of ₹40 lakhs, GST registration may not be required. However, this depends on the specific details of the rental income (residential or commercial) and other business activities (if any). Recommendations

- *Consult a GST Expert*: To confirm whether GST registration is required, consult a GST expert or a chartered accountant who can assess your specific situation and provide guidance. -

 *Monitor Turnover*: Keep track of your aggregate turnover, and if it exceeds the threshold limit, register for GST accordingly [1].

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On 09 May 2025 at 21:44
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Accountant
3 Points Joined April 2013
Thank you for reply.
Reply
On 15 May 2025 at 20:54


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