Compulsory Registration

[Ethirajan Parthasarathy]

Are reel Estate brokers, liable for compulsory registration under GST as per section 24 read with section 2(15)CGST Act. Their activity is to introduce tenants to land lords and get commission from the both the parties. Similarly then may find a buyer for sale of any property and get commission from both buyer and seller.

AI Summary

Real estate brokers must register for GST if income exceeds Rs 20 lakh, per CGST Act Section 22. Section 24 debated. A discussion on a forum addresses whether real estate brokers are required to register for GST under the CGST Act. The initial query questions if brokers, who earn commissions by introducing tenants to landlords and facilitating property sales, must register under Section 24. Responses indicate that brokers must register if their aggregate income exceeds Rs 20 lakh, as per Section 22. Some participants argue that brokers are not acting as agents on behalf of others, thus not triggering compulsory registration under Section 24(vii). The discussion also touches on the burden of proof regarding tax exemption and registration.