Easy Office
LCI Learning

Regarding rent

Page no : 2
Vinay Garg

Vinay Garg (Student cum businessman cum professional)   (859 Points)
Replied 27 September 2017

Assuming you and your tenant have filed ONLY GSTR3B yet, Show in your july GSTR1 as taxable supply and pay tax. collect the tax amount from tenant, which was not earlier paid by him.


AMIT

AMIT (B.Com) (155 Points)
Replied 27 September 2017

tenent filed gstr3b and I am also declare nil turnover under gstr3b and gstr1

RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (127196 Points)
Replied 27 September 2017

@ AMIT.,
When you registered under GST then you ll be give taxable invoice/Receipt to your tenant....
Before Registration they ll pay Tax under RCM basis if they are registered. They are not registered then no need RCM...

After your registration you ll be give invoices/receipt as above said way..

AMIT

AMIT (B.Com) (155 Points)
Replied 27 September 2017

sir consultant not give proper guideline now what is a solution for that July and august

Murali Gorlu

Murali Gorlu (34 Points)
Replied 27 September 2017

You received on August. So, you have to raise invoice on receipt date as per time of supply rules,
By that you have to file nil return for July month...
For the month of August in GSTR 3B you have to mention the value of receipt taken



AMIT

AMIT (B.Com) (155 Points)
Replied 27 September 2017

August month also file nill return

RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (127196 Points)
Replied 27 September 2017

You ll be give both rental invoice in September....

AMIT

AMIT (B.Com) (155 Points)
Replied 27 September 2017

sir better that I raised July to August including sep bill in the end of sep its possible

AMIT

AMIT (B.Com) (155 Points)
Replied 27 September 2017

yes sir

RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (127196 Points)
Replied 27 September 2017

You ll give bills for July and August rent on September dated. September month rent bill give on October month



Murali Gorlu

Murali Gorlu (34 Points)
Replied 27 September 2017

Yes, It's possible...
then file return for the month of September by including all invoice values

AMIT

AMIT (B.Com) (155 Points)
Replied 27 September 2017

ok sir thank so much in future arise any problem?

Murali Gorlu

Murali Gorlu (34 Points)
Replied 27 September 2017

Receipt of rent by way of cash or through bank

RAJA P M

RAJA P M ("Do the Right Thing...!!!")   (127196 Points)
Replied 27 September 2017

No more problems....

"The time of supply of services shall be the earlier of the following dates:-

(a) The date of issuing invoice (or the last day by which invoice should have been issued)
             OR
(b) The date of receipt of payment
          -whichever is earlier"



AMIT

AMIT (B.Com) (155 Points)
Replied 27 September 2017

by bank


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Join CCI Pro

Recent Topics


More recent discussions | Post

Related Threads


Loading

Popular Discussion


    Loading please wait

view more »


Start a New Discussion

Trending Online Classes

view all classess
CCI Pro

Subscribe to the latest topics :

Search Forum:

Forum Home
Popular Threads
Recent Posts
Unreplied Threads
Post New Topic
Settings