Lease Agreement
This query is : Resolved
23 March 2021
SIR - GTA (GST Registered Pvt Ltd Company) wants to do its business in the office which has owned by the director of Company. A company plans to have an lease agreement with its director.
Is it Possible ?
If yes, any tax provisions applicable for paying security deposit (Refundable)?
Rental bills with GST can be issued by the director (Individual)?
Rental bills can be issued on annual basis?
Plz clarify the above
Thanks in adv
Is it Possible ?
If yes, any tax provisions applicable for paying security deposit (Refundable)?
Rental bills with GST can be issued by the director (Individual)?
Rental bills can be issued on annual basis?
Plz clarify the above
Thanks in adv
23 March 2021
1)Yes its possible.
2)GST not applicable on refundable& interest free deposit
3)If director supply of services exceeds threshold 20 lakhs he need to register in GST and issue GST invoice
4)Once registered in GST must to file returns every month, so it is advised to charge monthly rent, per annum basis is of no use. Department may not object if bill raised in advance
2)GST not applicable on refundable& interest free deposit
3)If director supply of services exceeds threshold 20 lakhs he need to register in GST and issue GST invoice
4)Once registered in GST must to file returns every month, so it is advised to charge monthly rent, per annum basis is of no use. Department may not object if bill raised in advance
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
