sir,
what is the Percentage of get to be charged for residential rental income? and what is the threshold above which we should start charging the tenants?
No GST over residential rental income....
5 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182100 Points)
Replied 08 September 2017
Whatever be turnover........ the rates of any goods/service supply remains fixed. 20 lakhs crieteria is for registration for intrastate supply. If any dealer only deals with non taxable intrastate supplies, s/he is not liable to get even registered. (unless RCM applicable)
Varun Bhoopalam
(21 Points)
Replied 08 September 2017
my question is with regards to resedential rental income of more than 20 lakhs per annum.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182100 Points)
Replied 08 September 2017
Residential income more than 20 lakhs is taxable in income tax........ but the service is taxfree under GST.....
Recent Topics
- RCM payment Due Date
- 2B ITC reconciliation
- Rent received NRI in lieu displacement due to rede
- Restrictions in ITC
- 27Q Confirmation Notice from IT Department
- GST Registration CANCELLATION a
- Returns date of filling gstr1 3b
- GST Portal is Live Now
- ITR for Stamp Duty and Registration Charges for Tr
- RCM on Rent Paid by Composition Dealers
Related Threads
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
