LOI instead of Rent agreement for place of business in GST


This query is : Resolved 

Quick Summary
This discussion addresses whether a Letter of Intent (LOI) from a father can be used for GST registration purposes when a business operates from his rent-free premises. The consensus is that the owner's No Objection Certificate (NOC), essentially an LOI in this context, is sufficient for the GST registration process.

26 May 2025 Sir,

One of my friend, who does business, wants to go for GST registration. Currently, he is having his
place of business at a premises owned by his father, free of rent. Can he get a Letter of Intent from his father, stating that, he has no objection in letting his premises to his son to carry on his business.

Pls. Advice.

26 May 2025 yes. Owner's NOC is sufficient.

26 May 2025 Thank you very much Sir.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query