Gst on property rent
This query is : Resolved
13 January 2018
Sir,
I own a property in midnapore town jointly with my father. it is let to a bank for yearly rent of Rs.3,80,000.00.
The bank forced us to go in for GST registration by withholding the rent for 6 months stating that they cannot pay rent without gst, now they made a payment of 5 months overdue rent without GST. We do not have any other source of income. now i have two queries.
1. do i need to be registered under gst
2. do i need to pay gst on the rent recieved
I own a property in midnapore town jointly with my father. it is let to a bank for yearly rent of Rs.3,80,000.00.
The bank forced us to go in for GST registration by withholding the rent for 6 months stating that they cannot pay rent without gst, now they made a payment of 5 months overdue rent without GST. We do not have any other source of income. now i have two queries.
1. do i need to be registered under gst
2. do i need to pay gst on the rent recieved
13 January 2018
No since your turnover is less than Rs 20 lakhs you are not required to take registration.
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