GST on rental income

Page no : 2

Divakar (Student CA Final ) (11857 Points)
Replied 12 March 2018

First explain ur turnover details... If rental receipts is more than Rs. 20 lakh then he is required to take gst no

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ICHITA LOHIYA (ca) (111 Points)
Replied 12 March 2018

Please read the query carefully, no where is mentioned that income of partner is more than rs. 20 lakhs @ Divakar

Aashish Sachdeva (839 Points)
Replied 12 March 2018

Yes that true, you asking the the turnover of partner in firm.....

question is so complicated

Divakar (Student CA Final ) (11857 Points)
Replied 12 March 2018

Firm and partners are two different person... Firm has its own pan no and partner has its own.... No relevance of this question that partner is required to take gst no... As he is just earning 3 lakh rental income and residential property is not covered in gst

ICHITA LOHIYA (ca) (111 Points)
Replied 12 March 2018

For turnover it is mentioned that t/o from all businesses, my question was whether partnership firm's business is covered or not?

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Aashish Sachdeva (839 Points)
Replied 12 March 2018

I personally feel, you query of ICHITA LOHIYA IS,

Partner ship firm giving RENTAL to partner that is 20000*12 = 240000...
and partner ship firm Register under GST HAVING TURNOVER is above 2000000.
Is it right Miss ICHITA LOHIYA.....

ICHITA LOHIYA (ca) (111 Points)
Replied 12 March 2018

No, please don't insert your assumptions here @ Aashish Sachdeva

Divakar (Student CA Final ) (11857 Points)
Replied 12 March 2018

But total turnover is considerd on pan wise... And firm and partners are distinct person... Why u mix it... No need to required to take gst.... Gst registration is required pan wise

ICHITA LOHIYA (ca) (111 Points)
Replied 12 March 2018

ok, thanks

Aashish Sachdeva (839 Points)
Replied 12 March 2018

I am not inserting because you complicated the situation.....

Mr. Divakar asking right thing...

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ICHITA LOHIYA (ca) (111 Points)
Replied 12 March 2018

Now, I got the answer.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 12 March 2018

rental income from commercial property (if not being used for residence) is taxable & landlord to take registration if its income exceeds 20lac in year.

rental income from residence property used for residence is exmpted