TDS is to be deducted from payments made to a supplier of any taxable goods or services or both If the total contract of such supply exceeds Rs. 2.5 lac.
Rental income from residential property has been exempt from GST but earning over Rs 20 lakh annually from renting or leasing for commercial purposes would attract the levy, so house property is let-out for shop or office or for commercial purposes, no GST will be levied up to Rs 20 lakh. The taxpayer earning more than the exempted threshold will have to register with the GST Network and pay taxes.
