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For sharing Electricity bill same building two companies

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shobha m

articale student

84 Points Posted on 18 May 2022

hi everyone
I need a quick reply for this query
one company X it takes rent & electricity bill but in the same building other company y also work
they paid 50% of electricity bill.
now how should we rise the invoice & what's the sac code & % of gst and any tds comes this case
if it comes under TDS what's the % & section.

thanks

Replies (4)

Quick Summary

This discussion addresses the complexities of splitting electricity bills between two companies operating in the same building. One company (X) covers the full bill, while another company (Y) pays 50%. Guidance is sought on how to raise invoices, applicable GST rates (suggested 18% for rent), relevant SAC codes, and potential TDS implications under Section 194I if annual rental value exceeds Rs. 240,000.

Kesavaraj S

333 Points Posted on 18 May 2022

Just a X company raise a debit note on Y company and gst rate for Rent is 18% and TDS U/s 194I @ 10% is applicable if annual rental value exceeds Rs.240000/-