BASIC EXEMPTION LIMIT

[JOSHIL JAIN]

One of my client is registered as service recipient of Goods transport Agency. He is also providing other taxable services such as rent of immovable property. Whether he is eligible for basic exemption limit as service provider on renting of immovable property. Please advise.

AI Summary

Eligibility for Exemption Limit in Renting Services Not Applicable to GTA Under Reverse Charge Mechanism A client registered as a service recipient of a Goods Transport Agency (GTA) is also providing taxable services, such as renting immovable property. The query seeks to determine eligibility for the basic exemption limit as a service provider for renting. The responses clarify that the threshold limit can be availed for renting immovable property services, but not for GTA services, as no exemption is available to service recipients under the Reverse Charge Mechanism. Both respondents concur on this interpretation.