Gross Rental Income of 37lakhs (Maharashtra-22 lakhs & West Bengal-15lakhs) is shown in Income Tax return.
However, GST number is taken only for Maharashtra as Rental Income exceeds 20lakhs.
Would I be liable to pay GST on rent from West Bengal property as well even if rent is below 20 lakhs?
Thanks.
9 Replies
Asif Rahaman
(95 Points)
Replied 10 July 2019
yes you are liable for GST, because you trurnover is more than 20 Lk in same PAN.
Shivam RC
(Student)
(23683 Points)
Replied 10 July 2019
The Rental Income received is from letting out Commercial properties or Residential properties ???
vikram kerekar
(1244 Points)
Replied 13 July 2019
Rent is from Residential property in West Bengal
n what's with PGBP?
n what's with PGBP?
Asif Rahaman
(95 Points)
Replied 13 July 2019
Residential Property exempted from GST. Notification 12/2017 CGST Act.
Shivam RC
(Student)
(23683 Points)
Replied 13 July 2019
Agree with Asif Rahaman Sir...
Rent Received from Residential Properties is EXEMPTED from GST vide Notification No. 12/2017-CT ( Rate ) dated 28.06.2017.
The Aggregate Turnover as defined u/s 2(6) of the CGST Act 2017 is based on PAN India.
Rent Received from Residential Properties is EXEMPTED from GST vide Notification No. 12/2017-CT ( Rate ) dated 28.06.2017.
The Aggregate Turnover as defined u/s 2(6) of the CGST Act 2017 is based on PAN India.
JAMAIS
(Student)
(27 Points)
Replied 15 July 2019
Do we have to show the rent received from let out of residential property(which is exempt) while filing GST Return if we have a GST Registration ?
Shivam RC
(Student)
(23683 Points)
Replied 20 August 2019
Yes you have to show it...
Both EXEMPT as well as TAXABLE Supplies need to be reported in GSTR-3B.
Both EXEMPT as well as TAXABLE Supplies need to be reported in GSTR-3B.
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