Vacant plot rental income....

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Self employed
2193 Points Posted on 26 March 2022
dear colleagues
gud morning

ek clinet Gst registered hai regular scheme... toh uski ITR strong krne k liye
uske pass hai plot hai jo vacant hai uski rental income show kr skte hai kya??
iska gst me koi effect padega???

regards
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On 26 March 2022 at 08:10 Report
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Quick Summary
A client, registered for GST under the regular scheme, is looking to strengthen their Income Tax Return (ITR) by showing rental income from a vacant plot. The discussion clarifies whether this is permissible and its impact on GST. It's confirmed that rental income is subject to GST at applicable rates, and the threshold for registration is a key consideration, even for an already registered entity.

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student
41 Points Posted on 26 March 2022
Yes if the rent received is above the threshold required for registration
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On 26 March 2022 at 08:38
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Self employed
2193 Points Posted on 26 March 2022
Threshold limit?? sir already registered hai gst me as a propetirship?? or annually 72000/- rent show krna hai... toh gst me effect padeg??
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On 26 March 2022 at 09:53
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Practicing Chartered Accountant
959 Points Posted on 26 March 2022
Yes, rental income is also chargeable to GST at applicable rates.
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On 26 March 2022 at 10:27

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