A registered dealer deals in textile garment . Capital goods is textile. But he receives a rent income from a Commercial godown. Both the tenant and landlord are registered. Please let me know.....
1. Whether rent will treat as taxable outward supply.
2. In which column of gstr3b, gstr1, gstr2, gstr3 return it will show
3. How the tenant can claim the ITC
4. Do the landlord need to raise receipt voucher or gst invoice for collecting rent with proper gstin
7 Replies
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 04 October 2017
hello Sujit rent will be treated as taxable outward supply @ 18% in gstr3b 3.1 taxable outward supply column you should enter in gstr1 4a b2b column because both of them registered the tenant can claim ITC in gstr2 by providing in b2b purchases column. the landlord should make taxable invoice with proper gstin of both
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
Dear Sujit Saha...
1. Yes. Commercial rent is treat as Taxable outward supplies on above said way.
2. In GSTR 3B - 3.1 (a) Taxable Outward Supplies. GSTR 1 - Taxable outward supplies to Registered dealer.
3. The tenant received Tax invoice or Taxable Receipt. He use it as Inward document.
4. The landlord give Tax Invoices or Taxable Receipt based on GST invoice rule...
1. Yes. Commercial rent is treat as Taxable outward supplies on above said way.
2. In GSTR 3B - 3.1 (a) Taxable Outward Supplies. GSTR 1 - Taxable outward supplies to Registered dealer.
3. The tenant received Tax invoice or Taxable Receipt. He use it as Inward document.
4. The landlord give Tax Invoices or Taxable Receipt based on GST invoice rule...
Sujit Saha
(243 Points)
Replied 04 October 2017
As the landlord is registered dealer of textile and capital goods is textile. Rent is not capital good. Does it causes any difference
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
GST Tax rates based on items and Services. Not based on business...
So, no more changes made in Tax rates...
So, no more changes made in Tax rates...
Sujit Saha
(243 Points)
Replied 04 October 2017
No sir, actually I was not asking for any changes in tax rate but I just wanted to know if there is any changes in return filing
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 October 2017
No more changes Dear....
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