Home |Goods and Service Tax (GST) |
Person have gst no. of his business and one residential property on the name of his business. If he receive income from his residential property, will it come under gst?
Person have gst no. of his business and one residential property on the name of his business. If he receive income from his residential property, will it come under gst?
Share
Shyamal Modi, Tax Advocate | Financial Advisor | Virtual CFO 
Answered on March 14,2022
Hello!
GST is not applicable on rent received on residential property let out for residential use!
If it is let out for commercial use, then GST @ 18% will apply.
Feel free to contact in case of any query @ +91 90333 77645
Regards.
55 views
Related Questions
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 02,2021Can I get gst without registration of company ?
You can get GST registration as your individual capacity if your business is Proprietary concern. Only PAN and address ...
1
0
1225
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021If son wants to do business on the premises of residence where father also live together and they have made consent letter for that on stamp, then what is the option to choose for uploading that document regarding address proof on GST portal during GST registration?
You can upload the consent letter (NOC) from the father and building tax challan.
1
0
1890
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Filing of GST is mandatory. If you fail to file it will create huge liability in the form of ...
2
0
1007
-
MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on November 16,2022Is GST filing mandatory for small business either in starting of business they have very low amount of sales. And what is the meaning of turnover is it monthly or yearly?
Yes filing of GST is mandatory. As if in starting stage business is low you can file nil return ...
2
0
472
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 06,2021If I start a business in my own premise but the premises is on my father's name so what is majorly required to upload for the proof of premises for GST registration ?
Consent letter from your father and Building Tax/Utility Bills (Electricity/ Telephone etc)
1
0
1534
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 07,2021I have received SCN (Show cause notice) for GST registration stating "Upload the profession tax enrollment certificate", but I am not eligible to apply Tax enrollment certificate as I have not started my business yet. So what should I reply to the SCN?
You can reply with the same lines, that you don't come under the purview of professional tax for the ...
1
0
1473
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 09,2021Is GST registration required. If somebody wants to sell his product from home and there is no company ?
If your turnover about to exceed 40 lakhs in a Financial year, GST registration is compulsory; Only turnover in ...
1
0
438
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 07,2021I have taken a table space outside a shop on rent. I run a small food stall on daily basis. What legal docs requires in GST certificate? I have electricity bill with the name of owner on it. Don't have any rent agreement as it was done verbally.
You must need a rent agreement for taking GST registration.
1
0
455
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021My Old GSTIN from 2018 got cancelled long back because of not filing it, as I did not start my business back then. Now, since I am starting it, should I apply for a new GSTIN or is there a way to revive the old GSTIN?
You have to pay heavy late fee for reviving your old GSTN, since you have not filed any returns. ...
1
0
1044
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on November 29,2021Agar kishi ka owner ship document nahi rahe to kya karna hai our agar electronic bil father k name se ho to hm gst number kaishe le sakte h ?
You can attach a notarized consent letter along with the electricity bill for proof of principal place of business.Feel ...
1
0
125
-
Shyamal Modi
Tax Advocate | Financial Advisor | Virtual CFO . Answered on October 18,2021I am working in shop. I want to start my own business. To kya mujhe Apne hi state me good sale Karne ke liye GST no. Lena padega kya? kyunki mujhe goods to GST paid hi aayega or mujhe bhi aage GST charge Karke hi dena padega.
If your expected annual turnover is less than Rs. 40 Lakhs, then GST Registration is not required!But if you ...
2
0
468
-
MISHRA CONSULTANTS
GST Practitioners ,Income Tax Practitioners & Auditor Based Service in Coimbatore, Tamil Nadu . Answered on February 06,2023I am working in shop. I want to start my own business. To kya mujhe Apne hi state me good sale Karne ke liye GST no. Lena padega kya? kyunki mujhe goods to GST paid hi aayega or mujhe bhi aage GST charge Karke hi dena padega.
If your annual turnover is less than Rs. 40 Lakhs, then GST Registration is not required! But if you do ...
2
0
244
-
Subin VR
Chartered Accountant,FCA, DISA (ICAI) . Answered on March 08,2021I applied for cancellation of my GST registration number one year ago, but I want it back. Is this possible to activate GST again or should I apply for new GST registration?
If the registration is already cancelled, you have to apply afresh.
2
0
194