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.)
(185269 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.)
(185269 Points)
Replied 08 September 2017
Residential income more than 20 lakhs is taxable in income tax........ but the service is taxfree under GST.....
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