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GST THRESHOLD LIMIT AS A WHOLE OR FOR EACH HEAD OF INCOME, Goods and Services Tax - GST

Issue Id: - 116111
Dated: 6-3-2020
By:- MVK TAXAUDIT
GST THRESHOLD LIMIT AS A WHOLE OR FOR EACH HEAD OF INCOME

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GST Threshold Limit as a Whole or for each head of Income. Advice in following case :

A person has GST Registration, who is collecting GST on Rent from Commercial Property ( Income from House Property ). Now, He intends to take works contract, whether he has to collect GST since he is already having GST Registration ( even if his turnover under Income from Business does not exceed threshold limit ).

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Showing Replies 1 to 4 of 4 Records

1 Dated: 6-3-2020
By:- PAWAN KUMAR

Dear Sir,

As per my view, since the person already having GSTIN and paying GST on rental. Any new supply of service to be added to GSTIN certificate only. No separate turnover to calculate for this purpose. Aggregrate turnover should be above threshold limit for obtaining GST registration.


2 Dated: 6-3-2020
By:- KASTURI SETHI

Threshold exemption limit is ₹ 20 lacs for both services collectively. You are required to pay GST from the day one in respect of Works Contract Service, being already registered. Get registration certificate amended by adding Works Contract Service within 15 days.


3 Dated: 6-3-2020
By:- Ganeshan Kalyani

Turnover includes all supplies made by a taxpayer. Aggregate turnover is considered for determining the applicability of registration under GST. Since you have registration number you have pay GST on all taxable supplies.


4 Dated: 7-3-2020
By:- DR.MARIAPPAN GOVINDARAJAN

I endorsed the views of experts.


1

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