22 December 2014
Hi All Rent received is 15 lacs p.a. Since April2014 i have not charged St as i hv not yet registered.Wiil be appling now. Eg. Rent received from a party is 70000/-p.m.party gives cheque amt 63000/-after deducting TDS @10%. St is applicable on 70000/-or 63000/-. how to recover ST from April14 to Dec 14 from the party????????? shall i issue a seperate bill????? Is Abatment available??????? thnx in advance
22 December 2014
ST is applicable on 70000. If it is the first year for which rent is received in excess of 10 lacs, ST payable only on rent received above 10 lacs. No abatement available.
22 December 2014
Hi i hv received rent from A is 69000*9months=621000/- B is 20000*9months=180000/- C is 3500*9months = 42000/- D is 25000*6months =150000/- E & F not sure ( total Rent) = 993000/-till Dec14 @ the end the year which will be 18lcs.i will be appling for Registration in Jan 15 how calculate ST for the earlier bills individually????????
CAclubindia
