I receive Residential rental Income from various Residential Properties. That is my only rental income or you can say the only income I have, at all (no other source of income). However, this rental income from residential units exceeds 20 lakhs per year. Will I require to be registered under GST?
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Residential rental income exceeds 20 lakhs- gst registration required?
Replies (2)
No, Since you are engaged in supply of service which is wholly exempt from tax
The fact that your turnover/rental income is exceeding 20 lakhs is not relevant
Since you are exclusively engaged in an exempt supply
i.e renting of residential dwelling for residential purpose
Refer -> Section 23(1)(a) of CGST act
Thanks
No you are not required to get registered under GST.
Rental Income received from letting out Residential Properties for residential use is EXEMPTED from GST by virtue of Notification No. 12/2017 - CT ( Rate ), dated 28.06.2017.
So you are dealing in exclusive supply of exempted services. Hence you are kit required to take registration under GST by virtue of Provision of Section 23 of the CGST Act 2017.
Warm Regards.
Rental Income received from letting out Residential Properties for residential use is EXEMPTED from GST by virtue of Notification No. 12/2017 - CT ( Rate ), dated 28.06.2017.
So you are dealing in exclusive supply of exempted services. Hence you are kit required to take registration under GST by virtue of Provision of Section 23 of the CGST Act 2017.
Warm Regards.
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