if my main business is software hardware related services and my other source of income rental income. then series of invoices same for both services ?? and where show in portal ? ( B2B )
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 January 2020
Is the rental income from Commercial property...?
Yes... You can use single series of invoices with both services or separate series for both services...
Yes... You can use single series of invoices with both services or separate series for both services...
Ravi Rawat
(Trainee Accountant )
(39 Points)
Replied 20 January 2020
THIS IS NOT COMMERCIAL PROPERTY. WHERE SHOW IN GST PORTAL ?/
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 January 2020
( THIS IS NOT COMMERCIAL PROPERTY. WHERE SHOW IN GST PORTAL ?/)
- If it's not commercial property and it's to give residential purpose then Gst not applicable...
You can show under Exempted column...
- If it's not commercial property and it's to give residential purpose then Gst not applicable...
You can show under Exempted column...
Ravi Rawat
(Trainee Accountant )
(39 Points)
Replied 20 January 2020
THE RENT IS 50,000 PER MONTH THEN
CONDITION 1. IF PROPERTY IS COMMERCIAL THEN I CHARGED GST AND SHOW IN B2B COLUMN IN GST PORTAL.
CONDITION 2. IF PROPERTY IS NOT COMMERCIAL THEN I DON'T CHARGED GST AND ISSUED OTHER RENT SERIES INVOICES AND SHOWN IN EXEMPTED COLUMN.
IS THIS CORRECT ?? TELL ME SIR...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 January 2020
| Originally posted by : Ravi Rawat | ||
 |
THE RENT IS 50,000 PER MONTH THEN - If the rent received from COMMERCIAL PROPERTY then GST chargeable and it will be shown GST returns (GSTR-1 & GSTR-3B). - In GSTR-1 the receipt of rent shown as the TENANT is registered under GST then show it B2B / the TENANT is URD under GST then show it under B2C...
- If the rent from RESIDENTIAL then GST not applicable and Show it as EXEMPTED column... |
 |
Note : If You are registered under GST and the rent from commercial property then GST Chargeable if rent value is 50.00k or 1.00
Recent Topics
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
- Two GSTN under different PAN in same address
Related Threads
CAclubindia
