An individual getting rent on immovable property , which is below 20 Lakhs. Apart from rent he has no other taxable income except interest on deposits . Tenants are GST registered persons. Whether he is liable to register under GST
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Gst - rent on immovable property
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no...he is not liable to be registered but if tenant is a registered person, then he has to pay gst on rcm basis....
it should also be noted that in case of rented property is a residential dwelling and is rented for the purpose of residence only, than nobody is liable to pay gst as the same is exempted, irrespective of value.
it should also be noted that in case of rented property is a residential dwelling and is rented for the purpose of residence only, than nobody is liable to pay gst as the same is exempted, irrespective of value.
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