10 Dec 2018
I have a small firm (not yet registered) and I take properties on rent from Owners at amount 'X' and then sublet them at 'X+Y'. Assuming that '(X+Y)*12'>20L on what amount do I need to pay GST?
I am paying the X amount back to the owner, Y is my services + profit.
CA Yash Jain 10 Dec 2018
GST would be on total turnover of yours under SAC 9972 ...
in case landlord charges GST to you ... that would be input credit for your case
hence ... output would be .18*(x+y) & input would be .18*(X) hence you would be pay GST on only y portion. But individual owners wont charge me GST because individually their rent intake won't cross 20L per annum, it's only for me that the cumulative rents from multiple owners will cross 20L.