We are planning to start a business (Firm) of exhibition where :
1. Big hall is taken on rent on periodic basis (location keeps changing).
2. Its divided into 25 stalls and given on rent to small traders.
What are the tax implications for the above business.
According to me :
A. TDS is to deducted while paying rent to the owner.
B. GST applicable at 18% for bills raised to small traders.
I feel below registrations are required :
1. Partnership Agreement.
2. PAN.
3. TDS.
4. TAN.
Please guide me.
Thanks
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Income from organizing exhibitions
Replies (7)
Is your Business firm /office location is fix place or keep changing ?.
The exhibition place keeps changing
If you exhibition business place is keep changing no fix place then you can take registration under Casual taxable person , where in you have to deposit advance tax in an equivalent to the estimated tax liability , please read with section 27 of the CGST act 2017 with rule 15 of the CGST rule 2017 . I just suggest you ,you can take others opinion .
Thanks
Am I right in other points
Am I right in other points
well come Sir
Hi
Further if the place keeps changing within a state, does casual taxable person registration still applies?
Further if the place keeps changing within a state, does casual taxable person registration still applies?
For supply in same state no need to take multiple registrations, only place of supply will change.
for supply in another state other than your registered state then separate registration required, you may register as casual taxable person
(Note- for supply in same state vertical registrations are possible for different businesses)
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