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 ).

AI Summary

Registered GST Holder Must Amend Certificate for New Works Contract Service; Threshold Exemption Limit of 20 Lakhs Applies A person with GST registration for rental income from commercial property inquires about the need to collect GST on a new works contract service. Experts advise that since the person is already registered, all services should be included under the existing GSTIN. The aggregate turnover, including all supplies, determines GST applicability, and services should be added to the GST certificate. The threshold exemption limit is 20 lakhs for services collectively, and GST must be paid from the start of the new service. The registration certificate should be amended to include the works contract service within 15 days.