Mahendra Relwani
13 August 2017 at 17:26

Gst on rental income

I have rented a commercial of which I receive the rent amounting to Rs. 5 lacs per annum. I am also a trader and my turnover through trading activity is Rs. 60 lacs.

My questions

1. Am I required to get the registered under gst?
2. Can I get registered under composite scheme?
3. Am I required to collect gst amount from the lessee for my rental income and pay to the government?
4.If I have already received rent on 1.4.2017, am I required to collect the gst amount from the leasee and pay to the credit of central government?


CMA Shashikant Vakte
13 August 2017 at 17:06

Gst

which scheme better for jeweller under gst (normal or composition)? why?



Anonymous
13 August 2017 at 17:04

Gst on shed rent

Sir,
Ours is a manufacturing unit with a leased premises. We are paying monthly rent of Rs.82000/- and deducting TDS 10%. GST is applicable . how much


Parth Raval
13 August 2017 at 16:29

about asking for bill

what should a consumer do when anybody refused to issue a bill with the GST?


Akash Kumar

I have a query is that
suppose that I have running a business (trading) of shoes and I buy some coffee to use for our employees and this purchased from Registered Dealer with pay GST how I got this ITC and how to post entries in tally,
please help me for solve this query
Thank You!


Rohit JIndal

i have some doubts relating to Transportation, Rent & Commission.

Transportation:

According to the rate slab it is written that if the consignee wise charge is less then 750 & if full Carriage charge is less then 1500 then it is nil rated.

Question is that if a trader is getting a bill of 1300 in which 4 parcel where there, then can it be taken as nil rated or it will be covered in RCM and trader have to pay GST? Transport vehicle was transporting other consignee goods also.

Rent:

Question is Rent received in advance prior to 1st july for the whole year is taxable in the GST regime on monthly basis?
and can rent paid to unregistered person on weekly basis(taken into consideration 5000 limit per day) is justifiable?

Commission Agent:

As per section 24(vii) person who makes taxable supply of goods or services or both on behalf of other taxable persons whether as an agent or otherwise.

as per Sec 2 (5) (5) “agent” means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another

according to this point every commission agent is compulsory required to take registration or not?


CA BINIT SHAH
13 August 2017 at 15:13

Sale of property

Dear Friends,I have certain questions regarding a sale of propertyMy fathers has a property in Mumbai which is on a Pagdi system. We are using this property since 15 years and were paying a rent of Rs 100 per month. The building has gone for redevlopment but we are still are paying the rent of Rs 100 per month to the builder.Now I want to sell the flat and I am receiving around 50 Lacs for the property.My question here is that what is the incometax liability in such case?


Rakesh Sharma
13 August 2017 at 14:36

ITC ON GST PAID UNDER RCM IN GSTR-3B

Dear Experts, We have to show Inward supply under RCM in Outward Supply in GSTR 3-B. Can we claim this GST as ITC in same month i.e. July-2017? please advise Rakesh Sharma


sudip jain
13 August 2017 at 14:25

gst composition scheme f.y.17-18

sir Gst composition scheme ki last date 16.8.17 hai woh kaun se financial year ki hai


bikash rai
13 August 2017 at 13:56

Labour charge under gst

Dear sir.

I pay labour charge for loading and unloading to labour.
Please tell me GST rate and whether is it under RCM or not? And itc is available in this case?

Thanks in advance





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