1. If I am getting Rental income from Lending out Property for residential purpose and earning 15 Lakhs pa.
2. Also in continuation if I am earning 15 lakhs pa as interest income.
In total I am earning 40 lakhs pa from the above two sources.
My query is that, is it message for me to register under GST in any way. As I am retired any these two are only my source of income.
Please help in case with above situation.
Thank You
1 Replies
Raj Chaurasia
(273 Points)
Replied 18 June 2018
since rental income from renting of residential property for residential purpose is exempt from gst as per sec 11 & similarly for interest income is exempt from gst, your both income are not falls in gst scope ...so as pee sec 23(1) u r not required to registere in gst.
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