I am operating a passenger transport bus a turnover of 50 lakhs. I am liable to register under GST and should I pay GST?
I am operating a passenger transport bus ( stage carriage) having a turnover of 50 lakhs which is exempted from GST. I am also getting a rental income of 4 lakhs. Am I liable to register under GST and should I pay GST?
If rental income is from residential house then you need not register as income from residential house is exempted from tax. if the rental is from commercial building, then it is taxable and you need to register as your exempted and taxable supply together is more than 20 lakhs and pay tax only on rental income.