Respected Seniors,
I would like to have your valued advice in circumstanses mentioned below:
Iam having a typesetting and designing centre and a turnover of around 15 Lacsin 17-18. Iam getting share of rent from certain commercial property hold jointly with my brother and wife (who is also individual tax payer) around 3lacs in 17-18. Now my question is that if my turnover and rent increases this year and in total cross 20lacs limit then - Will it be mandatory for me to take GST Number and charge the same to my clients. If yes how the gst is to be charged in case of rent . ie.gST on the extent of rent I recieved.
Awaiting an early reply.
Regards
YOGESH
CAclubindia
