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Registration Limit under GST

Registration 411 views 11 replies

A person having a rental income of Rs 18 Lakhs and also having turnover of Rs 16 Lakhs under the name of a proprietary business during the financial year, whether he/she is liable to be registered under GST Act? Or whether both the business segment will be considered separate and the limit will be considered separately?  

Replies (11)
Not required for gst registration as it is lower than 40 lakhs rupees

Saurabh 40 Lakhs limit applicable for goods only, please check.

You need to get yourself registered
If turnover is 20 lakhs for service and if you are liable to pay under RCM, Compulsory registration is req

Yes, I also have the same view but I have met a CA yesterday, his point of view is that turnover for supplier should be considered separately for renting income as well as proprietary business turnover.

 

Cannot be separate if under same pan

Registration is based on PAN India basis

Turnover should be considered PAN India basis and will include both rental income and business income. 

1. For GST registration you need to check aggregate turnover of the assesse and limit is 20 lakhs for Services and 40 lakhs for goods only subject to certain states

2. aggregate turnover - income from all the business/activities carried out under the same PAN will be added subject to some conditions and exemptions like salary income

3. in above case both the incomes (rental + business) will be added to check the limit

4 .rental income from residential property is exempt from GST but still be added in aggregate turnover.

hope this helps.

call me for any query or consultancy @ Nine 8 7 3 3 7 7 7 0 2

Regards

CA. Aditya Goel

Proprietor,

Aditya Goel & Co, Chartered Accountants

Thank you so much sir, it is very helpful

lets connect over a call whenever you are available (have already shared my mobile no. in my previous post).


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