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RENT ON INDUSTRIAL PROPERTY
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.
Replies (7)
Yes ..... its an supply under Section 7 so once you registered , you are liable charge GST.
Also if you are renting commercial purpose for furtherance business GST applicable .
If our total turnover is less than 20 lakhs ...
You have mentioned in query " We are having regular GST registration " .
In this year our turnover will be less than 20 l
can I cancel registration
can I cancel registration
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 .
Note : The only wayout is surrender your registration if you not want to charge GST .
OK Thanks for the advice
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