Rental Income

If the client does not have any other income from any exempt supply, then registration is voluntary.

If the client has any other income from any exempt supply, like interest income, then it shall be included in the aggregate turnover to determine the threshold and if it exceeds the specified limits, then registration is mandatory.

Sec. 22(1)-CGST, every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees.

Sec. 2(6)-CGST, aggregate turnover means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess.

Sec. 2(47)-CGST, exempt supply means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply