THE BUILDING OWNER IS NOT A GST PERSON,
IS IT GST APPLICABLE FOR 18000/- FOR COMMERCIAL BUILDING, IF YES HOW?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177972 Points)
Replied 05 June 2019
Owner has to check for his aggregate turnover including all rental incomes. If below exemption limit, no GST will be applicable even over commercial rent receipts, till he registers voluntarily.
Shivam RC
(Student)
(23683 Points)
Replied 06 June 2019
Agree with Dhirajlal Sir's view.
Rent received by letting out Commercial Property is Taxable under GST Regime.
If the Landlord's Aggregate Turnover does not exceeds Rs. 20,00,000 then Registration not required unless opted voluntarily u/s 25(3) of the CGST Act 2017.
Rent received by letting out Commercial Property is Taxable under GST Regime.
If the Landlord's Aggregate Turnover does not exceeds Rs. 20,00,000 then Registration not required unless opted voluntarily u/s 25(3) of the CGST Act 2017.
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