Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Rent agreement for gst registration

4553 views

Save Share

shashank srivastava

Article assistant

21 Points Posted on 13 August 2020

i want gst registration but my business place is rented and i am also live in this place so i want to know how much stamp value required for agreement if my rent is 2000 per month. i make rent agreement on 100 rs. stamp value but gst department has rejected my application. reason - Rent agreement is not valid as less stamp duty paid .Please attach original valid rent agreement.

Attached File : 423861 20200813173612 aa090820039130m ro13082020.pdf downloaded: 250 times

Replies (2)

Quick Summary

If your business operates from a rented property where you also reside, you'll need a valid rent agreement for GST registration. A common issue is using an agreement with insufficient stamp duty, leading to application rejection. For a monthly rent of £2000, the stamp duty should be calculated based on the total rent for the lease term. For leases not exceeding three years, it's 2% of the total rent payable, meaning £480 in this case, not the £100 initially used.

Ravi SADhiyan

Practice

3087 Points Posted on 13 August 2020

Originally posted by : shashank srivastava
	i want gst registration but my business place is rented and i am also live in this place so i want to know how much stamp value required for agreement if my rent is 2000 per month. i make rent agreement on 100 rs. stamp value but gst department has rejected my application. reason - Rent agreement is not valid as less stamp duty paid .Please attach original valid rent agreement.

Lease, Including an under-lease or sub-lease and any agreement to let or sub-let or any renewal of lease- (a) whereby such lease the rent is fixed and no premium is paid or delivered-
	(i) where the lease purports to be for a term not exceeding three years;		two per cent of the whole amount payable or deliverable under such lease