Gst on rent receipts
This query is : Resolved
03 May 2018
sir one of my client is a composite dealer, from this year he will receive rents one lakh per a month, My question is gst applicable on rent receipts, his turnover for a year 25.00 lakhs. please advise me.
03 May 2018
Yes...
If he is registered under GST as Composition dealer then He ll opt out from composition scheme... The rental income not applicable under Composition Scheme.
04 May 2018
sir, thanks for you reply, the dealer may continue as composite dealer or not. last year turnover below 20.00 lakhs, and rents receiving from some residential purpose and some commercial purpose. please advice me ..
04 May 2018
The dealer will have to opt out of the composition scheme as he is no longer eligible for the composition scheme as per Section 10 of the CGST Act.
04 May 2018
Thanks for you reply,, present no option to migrate regular dealer, he should continue as composite dealer, then GST applied on rent receipts or not please...
04 May 2018
I think Composition Scheme to Regular Scheme will be available any time...
From regular to Composition is not available.
From regular to Composition is not available.
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
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- 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
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
