We are having only rental income from commercial properties. Our gross receipts are less than 40 lacs. Whether we are eligible for exemption from registration under gst.
Reply— As per Notification No. 10/2019-Central Tax dated 7th March, 2019 threshold limit for GST registration has been enhanced to Rs. 40 lakh (w.e.f. 01.04.2019) only for those engaged in exclusive supply of goods.
As you are engaged in supplying of service (renting of immovable property), not eligible for any exemption in respect of registration. |