Rental income beyond â¹20 lakh will attract GST
Revenue Secretary Hasmukh Adhia has said that if property is rented out for shop, office, or other commercial purposes then it will be taxable under GST in case of earnings over â¹20 lakh. Taxpayers earning more than the exempted threshold have to register with GST Network and pay taxes. However, rental income received from residential house is exempt, Adhia stated.