Whether i need to take gst registration or not.

Registration 149 views 4 replies

Ravindra Pai

Manager

23 Points Joined June 2009

Dear Sir/Madam,

I would like to know that whether I am required to take GST registration. I have estimated the following incomes under the different headings for the F. Y. - 2017-18.

1) Gross Rent income from commercial property before deducting 30% standard deduction-Rs. 11,50,000/-

2) Income from manufacturing partnership firm where I am a partner- Rs. 35,00,000/-

3) Income from Capital Gain Rs. 10,000/-

4) Interest income Rs. 3,50,000/-

5) Agricultural Income Rs. 2,00,000/-

Total Income Rs. 52,00,000/-

I have got Rs. 11,50,000/ commercial rent income which is coming under GST and all our other incomes like Income from partnership firm, interest from bank on fix deposit, Agricultural income etc are exempt from GST.

Now I request you to clarify that in my case income which is covered under GST is less than 20 lakhs. Whether I need to take GST registration or not.

Please help me.

With Regards.

Ravindranath Pai

Replies (4)

Aman Singh

19 Points Joined November 2017

Hi Ravindra,

you need not take GST registration because in your case supply of goods or services is not exceeding 20 lacs.
Income from partnership will not be considered as supply of goods or services for you.
Person having Agricultural income is specifically excluded from GST registration.

Thanks,
CA Aman Singh