Rental income and gst

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Bobby Mani (Querist)
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31 March 2017 1. What is the percentage of GST to be collected for rental income ?
2. Is there a Basic exemption as in the case of Income tax ?

kanika

kanika (Expert)
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01 April 2017 GST Rate for supply of services for provision of occupation of immovable property has not been specified as yet.

There is no requirement to register under GST if the turnover is below 19 lacs in a year.

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Guest

Guest (Expert)

01 April 2017 As per section 22 of the CGST Bill,2017, every supplier shall be liable to be registered if his aggregate turnover in a financial year exceeds twenty lakh
rupees and in case of special category States ,limit is ten lakh

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