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.
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Gst on rent
Replies (8)
the exempted supply will also form part of aggregate supply under gst. So liable for gst on rent
What is the exact renting service...?
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.
maximum 90 thousand per month sir
| Originally posted by : RAJA P M | ||
 |
What is the exact renting service...? |  |
Mr. Nidhi Prajapati., Rent received Residential property... Or Commercial Property or Vehicles or Machinery or etc.,
Sorry
Its commercial property service
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.
If company is registered under GST then the Rental Income also applicable GST...
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