Sir/madam,
A Doctor non gst registered source of income details mentioned below f.y.24-25
1 professional income fees collection from patients rs:2 crores up to dt:30-11-24
2 rental income from commercial property own hospital rent up to dt:30-11-24 rs:16 lacs(tenant un registered person)
3 rental income from functional hall up to dt:30-11-24 rs:10 lacs
Question:
1.Doctor New volantary registered applied compulsory
2.If Doctor new GST registration number approved after rental income and function hall income tax due and turnover pay from 01-04-24 or 01-12-24 applicable
3.Gst registration before turnover pay through on drc-03 with interest compulsory
4.professional income turnover exempt turnover show in gstr3b return compulsory
GST registration becomes mandatory when your turnover exceeds INR 20 lakhs in the case of services. Since your turnover (including professional fees and rental income from both properties) has crossed this threshold, you are required to obtain mandatory registration.
Professional fees qualify as exempt income and must be disclosed in GST returns. However, GST at 18% is applicable to the rental income.
Additionally, you must issue revised invoices for the period between the effective date of registration and the issuance of the GST certificate.
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GST is optional, file it as an individual taxpayer.