Lease agreement and tax on sale
This query is : Resolved
Suresh S. Tejwani
(Querist)
17 June 2026
Where the lease agreement is in the name of a partner and the partnership firm conducts business from the premises and pays GST on its sales, whether such an arrangement is legally valid and acceptable under GST and other applicable laws?
17 June 2026
Document the arrangement: Use a formal NOC or a sub-lease agreement between the partner and the firm.
GST/TDS: Apply relevant TDS on rent payments and ensure correct GST treatment (including RCM if applicable) to claim Input Tax Credit effectively.
Registration: Update the firm's GST registration records to reflect this location as the official place of business.
GST/TDS: Apply relevant TDS on rent payments and ensure correct GST treatment (including RCM if applicable) to claim Input Tax Credit effectively.
Registration: Update the firm's GST registration records to reflect this location as the official place of business.
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