Question ID :
36935
REGISTRATION WITH GSTN
X AND Y TWO INDIVIDUAL (BROTHER) IS CARRYING ON PROPRITORSHIP BUSINESS IN INDIVIDUAL CAPCITY AND ARE REGISTERED WITH GSTN. THEY ARE HAVING INDIVIDUAL GSTN REGISTRATION. THE PREMISES FROM WHERE THEY ARE OPERATING THE BUSIENSS WAS PURCHASED BY THEM ALONG WITH THEIR SPOUSE AND ONE MORE BROTHER WITH HIS SPOUSE PURCHASED THE ENTIRE PREMISES. THE PREMISES IS ACTUALLY CO OWNED BY 6 PERSONS, 3 BROTHERS AND THEIR SPOUSES, OUT OF THEM ONLY TWO ARE GSTN REGISTERED. NOW THE PREMISES IS GIVEN ON RENT TO THE SAME BUSINESS FIRM OF X & Y ON RENT BASIS. THE RENT IS APPROX RS 1.00 PA. MY QUERY IS WHETHER RENT WHICH IS APPROX RS 12.00 LAC PA, REQUIRED TO BE GSTN REGD. AND IF YES, HOW AND WHAT CAPACITY THE RENT PART WILL BE GSTN REGD. IT IS CO OWNED BY 6 PERSONS, AND 2 OF THE CO OWNER IS HAVING TURNOVER MORE THAN GSTN LIMIT IN THEIR FIRM. BUT 4 OF THEM ARE HAVING NO GSTN AND NEITHER THEIR PERSONAL INCOME EXCLUDING RENTAL SHARE IS TAXABLE AS PER GSTN
posted by
pradeep kumar agrawal
on
Jan 17 2019 12:00AM