Registration and raising bill for service

[Pradeep Kumar]

A partnership firm is getting rental income from Godown. Present rent per month is ₹ 73500/-. Earlier, even though it is not under the ambit of service tax, we have registered with and now migrated to GST. Now the tenant is asking for bill with GST. Since we are making service turnover of below ₹ 20 lakhs, is it necessary to collect & pay GST??

AI Summary

Firm Must Issue GST Invoices Due to Registration, Even with Service Turnover Below 20 Lakhs; Consider Surrendering Registration A partnership firm earning rental income from a godown registered under GST despite having a service turnover below 20 lakhs seeks advice on whether to collect and pay GST. Responses indicate that since the firm is registered, it must issue GST invoices regardless of turnover. Suggestions include either continuing with GST registration and billing or surrendering the registration if the turnover remains below the exemption threshold. However, if the tenant agrees to pay GST, the firm should collect and remit it to the government.