Dhruv Jain (Practicioner) (200 Points)
21 February 2019What will be the GST registration limit if there is only rent received from commercial property during the FY 2019-20.
Will it be 20lakhs or 40lakhs?
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 21 February 2019
For supply of GOODS limit was increased to 40 Lakhs (but pending before all state governments, need to check state notifications)
for SERVICES old limits are applicable i.e. 20 lakhs
Providing commercial property on rent is SERVICE , hence limit of 20 lakhs applicable
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
CAclubindia
