I have got GST NUMBER. and my YEARLY rent income is Rs. 800000. i have heared that rent income till Rs. 20 lakhs is exempted. will i have still have to pay GST ON RENT??
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 16 August 2018
If You have GSTIN then Your income is Taxable under GST from Rs. 1.....
Shivam RC
(Student)
(23683 Points)
Replied 17 August 2018
Agree with Raja Sir......
Once Registration taken under GST, then even if your Taxable Turnover is less than ₹ 20,00,000 you have to pay GST.
Once Registration taken under GST, then even if your Taxable Turnover is less than ₹ 20,00,000 you have to pay GST.
ANIL K C
(ASST MANAGER - FINANCE)
(71 Points)
Replied 17 August 2018
You can start collecting GST on rental income
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