GST THRESHOLD LIMIT AS A WHOLE OR FOR EACH HEAD OF INCOME

[MVK TAXAUDIT]

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 ).

[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.

[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.

[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.

[DR.MARIAPPAN GOVINDARAJAN]

I endorsed the views of experts.

AI Summary

Aggregate turnover governs GST liability, so registered suppliers must charge GST on new taxable services under the same registration. The registrant must treat all taxable supplies under the same GSTIN: GST liability is determined by aggregate turnover, not by separate heads of income. An existing GST registration covers new taxable services made by the registrant; the registrant should add the works contract service to the certificate and charge GST on that supply.