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Commercial rent

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07 March 2019 Hallo,

As you know now GST limit Rs. 40 Lacs from Rs. 20 Lacs. I have one commercial property and getting rent more than Rs. 40 Lacs P.A. The Rented Property in the name of four owners. It has been distributed Income into 4 owner. Then GST is applicable on said commercial property. We will issue 4 invoices to tenant .

Please advice me .

Regards, Vilas

07 March 2019 GST not applicable as each owner rental income is less than threshold if owners have no other taxable income.



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