My client is already registered as a trader under GST in Uttarakhand, receiving rent on some of his commercial property other than of his trading business.
I asked him to realize GST on such rental income inspite of Rent less than 20 lakh he is receiving. Though the total rent is less than 20 lakhs.
Kindly clarify that my suggestion is right or not as Gross Receipts under GST means all receipts received by an Individual.
Thanks
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Regarding Income which are under GST if received.
Replies (2)
Yes, you are correct. He is also liable for GST over the rental supply.
Yes... You are correct.
As per GST Gross receipt is all incomes for the taxpayer who is registered under GST...
So, GST applicable on the rent & it will be payable to GSTN.
As per GST Gross receipt is all incomes for the taxpayer who is registered under GST...
So, GST applicable on the rent & it will be payable to GSTN.
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