Karthikram ChitavaramSreenatha (8 Points)
15 August 2017I'M A PARTNER IN THREE FIRMS WITH A TURNOVER OF 7.9CR, I'M RECEIVING COMMERCIAL RENT FROM 3 TENANTS OF AROUND 7200,13000,12000 PER MONTH, SHOULD I APPLY FOR A GST IN MY NAME AND GIVE THEM A PRINTED RENT BILL WITH GST? IF SO THEN WHAT IS THE RATE OF GST TO BE COLLECTED? CAN I SUBTRACT THE GST VALUE IN THE RENT AND RECEIVE THE SAME WITHOUT GST? YOUR VALUABLE VIEWS PLEASE
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177241 Points)
Replied 15 August 2017
If you do not have any other supply in Individual capacity other than the rent of 3 commercial units........the aggregate rent is around 4 lakhs or so per annum........ which is within basic exemption limit........ so no need to get registered under GST.
Ahmed Ali
(388 Points)
Replied 15 August 2017
Karthikram ChitavaramSreenatha
(8 Points)
Replied 15 August 2017
Very informative , thanks a million sir.
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