Dear Experts,
I have a query , if a company is manufacturer and also renting service provider can do both work in same company and company renting income is not more than 20 lakhs, which is exempted in GST.
8 Replies
Sudiesh
(Audit Assistant)
(527 Points)
Replied 14 December 2017
the exempted supply will also form part of aggregate supply under gst. So liable for gst on rent
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 14 December 2017
What is the exact renting service...?
Vinay Garg
(Student cum businessman cum professional)
(859 Points)
Replied 14 December 2017
Yes, company can do both work in its name under its gstin.
Further, it is to be noted that, exemption of 20 lakh will be applicable in aggregate of both the supplies.
Further, it is to be noted that, exemption of 20 lakh will be applicable in aggregate of both the supplies.
Nidhi Prajapati
(Accountant)
(108 Points)
Replied 15 December 2017
maximum 90 thousand per month sir
Nidhi Prajapati
(Accountant)
(108 Points)
Replied 15 December 2017
Sorry
Its commercial property service
Nidhi Prajapati
(Accountant)
(108 Points)
Replied 15 December 2017
Ok, if company sale is 18 lakh or 2 lakh is renting service total supply is 20 lakh, then is18 lakh also exempt from gst or not.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 15 December 2017
If company is registered under GST then the Rental Income also applicable GST...
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