Sir,
Please give your inputs:
Land owner is NRI having business place in AP.
He wants to enter into JDA and sells his share of flats before obtaining occupancy certificate as he is liable for that flats.
So, he wants to get registered as regular tax payer and appoint one person as authorised person at the time of registration itself.
Can we proceed with..!!?
or shall he get registered as NRI...?
Thanks in advance 🙏
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Registration as RTP or NRI
Replies (1)
If you do not have a fixed place of business in India, you must register as a Non-Resident Taxable Person (NRTP) by submitting Form GST REG-09 at least five days before business starts. You will need to appoint an Indian resident as your authorized signatory and pay an advance deposit covering your estimated tax liability. Because real estate transactions involve significant tax implications (such as TDS and capital gains), please consult a CA to manage your filings, documentation, and repatriation of funds.
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