About GST invoicing and gst portal

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Trainee Accountant
39 Points Posted on 20 January 2020

if my main business is software hardware related services and my other source of income rental income. then series of invoices same for both services ?? and where show in portal ?   ( B2B )  

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On 20 January 2020 at 15:35 Report
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Quick Summary
This discussion clarifies GST invoicing for businesses with multiple income streams, specifically software/hardware services and rental income. It addresses whether a single invoice series can be used for both or if separate series are needed. Crucially, it explains how to report these on the GST portal, differentiating between commercial property rentals (where GST is applicable and reported under B2B or B2C) and residential property rentals (which are typically exempt and reported in the 'Exempted' column).

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"Do the Right Thing...!!!"
128157 Points Posted on 20 January 2020
Is the rental income from Commercial property...?


Yes... You can use single series of invoices with both services or separate series for both services...
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On 20 January 2020 at 15:47
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Trainee Accountant
39 Points Posted on 20 January 2020

THIS IS NOT COMMERCIAL PROPERTY. WHERE SHOW IN GST PORTAL ?/

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On 20 January 2020 at 16:10
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"Do the Right Thing...!!!"
128157 Points Posted on 20 January 2020
( THIS IS NOT COMMERCIAL PROPERTY. WHERE SHOW IN GST PORTAL ?/)

- If it's not commercial property and it's to give residential purpose then Gst not applicable...

You can show under Exempted column...
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On 20 January 2020 at 16:12
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Trainee Accountant
39 Points Posted on 20 January 2020

THE RENT IS 50,000 PER MONTH THEN 

CONDITION 1. IF PROPERTY IS COMMERCIAL THEN I CHARGED GST AND SHOW IN B2B COLUMN IN GST PORTAL.

CONDITION 2. IF PROPERTY IS NOT COMMERCIAL THEN I DON'T CHARGED GST AND ISSUED OTHER RENT SERIES INVOICES AND SHOWN IN EXEMPTED COLUMN.

IS THIS CORRECT ?? TELL ME SIR... 

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On 20 January 2020 at 16:34
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"Do the Right Thing...!!!"
128157 Points Posted on 20 January 2020
Originally posted by : Ravi Rawat

THE RENT IS 50,000 PER MONTH THEN 

CONDITION 1. IF PROPERTY IS COMMERCIAL THEN I CHARGED GST AND SHOW IN B2B COLUMN IN GST PORTAL.

 - If the rent received from COMMERCIAL PROPERTY then GST chargeable and it will be shown GST returns (GSTR-1 & GSTR-3B).

- In GSTR-1 the receipt of rent shown as the TENANT is registered under GST then show it B2B / the TENANT is URD under GST then show it under B2C...



CONDITION 2. IF PROPERTY IS NOT COMMERCIAL THEN I DON'T CHARGED GST AND ISSUED OTHER RENT SERIES INVOICES AND SHOWN IN EXEMPTED COLUMN.

- If the rent from RESIDENTIAL then GST not applicable and Show it as EXEMPTED column...

IS THIS CORRECT ?? TELL ME SIR... 

 

Note : If You are registered under GST and the rent from commercial property then GST Chargeable if rent value is 50.00k or 1.00

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On 20 January 2020 at 17:58

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