Renting of immovable property plus business income under gst

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2018 Sir,
my client is having a business with turnover of 21lakhp.a and having a commercial property with rental of 3lakh p.a
however business is registered under GST..

my query is whether commercial property shall be charged to tax i.e agreegate turnover shall also include rental income

if yes,
my question is
how will this be shown under GST returns ?

will he have to raise the bill under the business letter heads? or should be treated as business income ?
or shall have to regstered completely under rental income ?

thus while filing GSTR1 will he only show the business sale? or also rental income??

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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21 January 2018 Since it's commercial property GST bill to Be raised, It can be shown under HP income issue separate series suffix rentinvoice

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2018 how it should be shown in GST return ? whether to be shown with GSTR1 of business of my client under his trade name ?

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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22 January 2018 Yes you have to show in if rent received in same registered PAN than you have to show in GSTR -1

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2018 so do we have to amend my registration details in GSt portal?
coz till now registration is done on the basis of the HSN code and not SAC code of renting of immovable property..??

while updating details in GSTR 1.. its showing under trade name ..
is it correct ?

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2018 for eg.
my client is registered under ABC enterprise in GST portal
now proprietor gives on rent his another property for commercial purpose ...

thus while updating details in GSTR1.. its coming under ABC enterprise and not under the proprietor personal name

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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13 May 2018 ABC Enterprise is a proprietorship concern? If yes, then the PAN is of the individual. Normally, all transaction under the same PAN in the same State are to be covered by 1 GST number.