Rental income

bijo (Accountant) (302 Points)

28 March 2019

Is GST applicable for Rental Income? Means per day amount is less than 1000?

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6 Replies

Giridhar S Karandikar (Team Lead) (7548 Points)
Replied 28 March 2019

yes if the rental income for the year crosses the threshold then GST wud be applicable

bijo (Accountant) (302 Points)
Replied 28 March 2019

Per day amount is less than 1000/-,then also we have to pay the GST? Total turn over including sales & services above threshold limit.

prasad Nilugal ( GST Practitioner & Accounts ) (14803 Points)
Replied 28 March 2019

Rent received for Residential or commercial ?.

bijo (Accountant) (302 Points)
Replied 28 March 2019

Residential

prasad Nilugal ( GST Practitioner & Accounts ) (14803 Points)
Replied 28 March 2019

Please refer Notification 12/2017 dt 28/6/2017 (C.T)(rate) sr no 12 to 14 .

Also confirm with others

bijo (Accountant) (302 Points)
Replied 28 March 2019

Any limit is there for Commercial Purpose or all the amounts are applicable for GST?

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