TaxTMI 
TaxTMI 
GST THRESHOLD LIMIT AS A WHOLE OR FOR EACH HEAD OF INCOME
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....ST THRESHOLD LIMIT AS A WHOLE OR FOR EACH HEAD OF INCOME<br> Query (Issue) Started By: - MVK TAXAUDIT Dated:- 6-3-2020 Last Reply Date:- 7-3-2020 Goods and Services Tax - GST<br>Got 4 Replies<br>GST<br>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 Prope....
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....rty ). 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 ). Reply By PAWAN KUMAR: The Reply: 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....
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.... separate turnover to calculate for this purpose. Aggregrate turnover should be above threshold limit for obtaining GST registration. Reply By KASTURI SETHI: The Reply: 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 ad....
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....ding Works Contract Service within 15 days. Reply By Ganeshan Kalyani: The Reply: 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. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: I endorsed the views of experts.<br> Discuss....
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