Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

rental income

Anshuman Basu (account -GST) (1556 Points)

27 August 2018

If a person have 5 no of resedenciàl property and received 21 lakh in annually rental income. then should he opt GST registration? where he show his rental income both commercial and residential in GST 3B and GSTR 1

Reply
Follow
Share

2 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 28 August 2018

If received Rental from Residential Property then no need to take Registration under GST...

This condition not applicable if residential property given to Commercial Purpose.

Upgrade to CAclubindia Pro. Subscribe Now!

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 28 August 2018

In 2nd para of your query you ask for commercial & residential rental income....

So if you have both residential + Commercial rental income exceeding 20lac you need to obtain Registration.
And only on commercial rental income the GST will leviable.

No need to show residential rental income in GST return

1 Like