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Joined January 2015
| Originally posted by : Aanchal Verma |
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I have a property in Lucknow , U.P and it is rented for residential purpose. I am not registered in gst since my turnover is less than 20 lakhs. The tenant belongs to Pune . He is asking me to get registered under GST. Am I supposed to get registered ? please reply . |
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Dear Aanchal Verma.,
As per rule, Residential Property to Renting for residential is not under GST. Its fully not under GST even your Turn Over above 20lakhs. The same situtation if a commersial property is need to get GST T/O above 20 lakhs.
i'll come to my point. As per rule residential not under GST. But, Why your tenent asking GST to You...? Bcoz., In My view You given the property for Commersial Using to the Tenant. If Am I right... You can consider if your T/O is above 20lakhs.
Bcoz., Your tenant ll be booking the rental amount to his business account with paid RCM....