Gst on commercial joint property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2018
Dear Sir,
Suppose if Yearly Rent Received Rs.30lk for the Jointly 50:50 holding property and the Holder not have any other Income then,
1, Can they both availed the benefit of 20lk exemption limit of GST ?
2, Or They have to register and get the GST Number due to Single Premises Rented even though Joint holding Ratio?
Thanks Advance for your valuable Response
Suppose if Yearly Rent Received Rs.30lk for the Jointly 50:50 holding property and the Holder not have any other Income then,
1, Can they both availed the benefit of 20lk exemption limit of GST ?
2, Or They have to register and get the GST Number due to Single Premises Rented even though Joint holding Ratio?
Thanks Advance for your valuable Response
29 January 2018
1 Both can avail 20 lacs exemption limit.
2 No need of GST registration as registration is person based.
2 No need of GST registration as registration is person based.
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 January 2018
Thanks for ur valuable reply
30 January 2018
This is absolutely right. No GST payable
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Filing of Form 10BB instead of Filing Form 10B
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
- Need to correct "Whether it is last installment " response in Form 26 QB
- GSTR3B IMS Deshboard ( Rec. Solution )
- GST ASMT-10 time extension query
Trending Online Classes
CAclubindia
