Rent is also comes under RCM. A business entity is hiring place of business everywhere. The Govt wants to cover this area also. Nice video.Good information on latest GST amendment
Hari Om 🙏🙏 naanga enga வீட்டை வாடகை விட்டு இருக்கோம் furniture company...they are asking us to pay gst..we don't have gst number amma senior citizen...plz advice...
1) check the name of the tenant in residential rental agreement,; whether GST registration number is there in the name of tenant If so, then check whether the property is used by employees of his company as guest house, staff quarters, then GST to be paid by tenant
Madam, it is applicable from 18.07.22 onwards. For applicability, check rental agreement, whether GST no is there for tenant name, and other points Kumaresh 8122083054
SIR, I AM HAVING GST DOING BUSINESS , IN RESIDENCIAL PROPERTY BY RENT RS.4500 .00 RENTAL AGREEMENT IN THE NAME OF SHOP (VINAYAGA MARKETINGS.) MY DOUBT IS, RENT ON GST APPLICABLE FOR MY ME , UNDER REVERSE CHARGE MECHANISAM PLEASE CLARIFY
Dear Suresh, it is clearly indicate that property taken on Rent for residential purpose by the business entity RCM at 18% ... You may take ITC if rent is debited in P and L a/c as business expense Kumaresh 8122083054
Do you have any questions about the topic that discussed in this video, kindly put in comment section or you may connect through google form
Excellent explanation very very useful
Easily understandable
Thanks and expecting more videos
Rent is also comes under RCM.
A business entity is hiring place of business everywhere.
The Govt wants to cover this area also.
Nice video.Good information on latest GST amendment
Super information sir THank you very much PLease continue this type.of.messages. I request you sir please open RUclips channel or telegram sir
Thank ❤ you and kindly subscribe the You Tube channel
ruclips.net/channel/UCdpVxaMFEdQFRJqQoA1VJPw
Hari Om 🙏🙏 naanga enga வீட்டை வாடகை விட்டு இருக்கோம் furniture company...they are asking us to pay gst..we don't have gst number amma senior citizen...plz advice...
No need
However, whatsApp me for further clarification
8122083054
@@cakumareshbabu Hari Om 🙏🙏 thank u ji
We werehouse agreemnt ur we have GST registration
1) check the name of the tenant in residential rental agreement,; whether GST registration number is there in the name of tenant
If so, then check whether the property is used by employees of his company as guest house, staff quarters, then GST to be paid by tenant
Sir, can rental income from commercial property be considered as business income ?
Sir, for shop rent & gowdon rent do i need to pay in rc method.
Case 1:Building owner don't have gst number
Case 2: Building owner have gst number
Sir,if furnished residential house is sold or given on rent to tenant for his personal use will gst applicable?
No residential house used commercial purposes gst will apply
From which month it is applicable
Madam, it is applicable from 18.07.22 onwards.
For applicability, check rental agreement, whether GST no is there for tenant name, and other points
Kumaresh 8122083054
Sir kindly share notification no
SIR, I AM HAVING GST DOING BUSINESS , IN RESIDENCIAL PROPERTY BY RENT RS.4500 .00 RENTAL AGREEMENT IN THE NAME OF SHOP (VINAYAGA MARKETINGS.) MY DOUBT IS, RENT ON GST APPLICABLE FOR MY ME , UNDER REVERSE CHARGE MECHANISAM PLEASE CLARIFY
Dear Suresh, it is clearly indicate that property taken on Rent for residential purpose by the business entity
RCM at 18% ... You may take ITC if rent is debited in P and L a/c as business expense
Kumaresh 8122083054
thank you sir,may i call you tomorrow morning regarding for this ?
Please