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RENT ON INDUSTRIAL PROPERTY

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PARTNER
172 Points Posted on 06 October 2019
We are having industrial property and regular GST registration. If we give portion of our property for rent for RS 12k whether GST should be charged.
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On 06 October 2019 at 09:11 Report
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GST Practitioner
55067 Points Posted on 06 October 2019
Yes ..... its an supply under Section 7 so once you registered , you are liable charge GST.
301 Reply
On 06 October 2019 at 12:53
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GST Practitioner & Accounts
15085 Points Posted on 06 October 2019

Also  if you are  renting   commercial  purpose  for furtherance business  GST  applicable . 

24 Reply
On 06 October 2019 at 13:00
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PARTNER
172 Points Posted on 06 October 2019
If our total turnover is less than 20 lakhs ...
1 Reply
On 06 October 2019 at 13:10
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GST Practitioner & Accounts
15085 Points Posted on 06 October 2019

You  have mentioned  in query  "  We are having  regular  GST registration "  . 

24 Reply
On 06 October 2019 at 13:18
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PARTNER
172 Points Posted on 06 October 2019
In this year our turnover will be less than 20 l
can I cancel registration
1 Reply
On 06 October 2019 at 13:25
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GST Practitioner
55067 Points Posted on 06 October 2019
Even though your turnover is less then 20lac but once you have registered ,you are liable to charge GST.

Note : The only wayout is surrender your registration if you not want to charge GST .
301 Reply
On 06 October 2019 at 18:18
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PARTNER
172 Points Posted on 06 October 2019
OK Thanks for the advice
1 Reply
On 06 October 2019 at 18:29


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