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No. It is not mandatory for a Real estate agent to register for GST if the revenue is less than 20 Lac in a financial year. However, (s)he will not be able to take input credit on any GST that is raised against him/her. So if your business involves lots of payments to GST registered vendors it is recommended to go for GST registration even if your rev...
Wazzeer Professional Network
ProfessionalIs it mandatory for Real estate agent to register under GST if his turnover is below 20 lakhs?
Is it mandatory for Real estate agent to register under GST if his turnover is below 20 lakhs?
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Wazzeer Professional Network
ProfessionalNo. It is not mandatory for a Real estate agent to register for GST if the revenue is less than 20 Lac in a financial year. However, (s)he will not be able to take input credit on any GST that is raised against him/her. So if your business involves lots of payments to GST registered vendors it is recommended to go for GST registration even if your revenue is less than 20 Lac so that you can take benefit of input credit
about 4 years ago
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Is it mandatory for Real estate agent to register under GST if his turnover is below 20 lakhs?
Is it mandatory for Real estate agent to register under GST if his turnover is below 20 lakhs?
-
Wazzeer Professional Network
ProfessionalNo. It is not mandatory for a Real estate agent to register for GST if the revenue is less than 20 Lac in a financial year. However, (s)he will not be able to take input credit on any GST that is raised against him/her. So if your business involves lots of payments to GST registered vendors it is recommended to go for GST registration even if your revenue is less than 20 Lac so that you can take benefit of input credit
about 4 years ago
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