क्या अब Rent पर भी देना होगा GST? Exemption on Residential House | Analysis of NN 15/2022 (Rates)

[@FinTaxPro]

If you have any Query, Book your appointment with our Professional by clicking this link fintaxpro.in/consult-us/ For monthly updates, Subscribe our Newsletter fintaxpro.in/newsletter/

[@deepakraaz9736]

मज़ा आ गया अभी evening में एक दूसरा चैनल का वीडियो देख कंफ्यूज था आपके वीडियो का wait कर रहा था confuse दूर हो गया

[@cavision2023]

I really sware, i have seen first time this Amendment Video , That was being felt us like ki Concpet body me utar gya wah how you make it so simple, maza sa hi aa gya Thank Your

[@AshutoshKumar-eu8ji]

You explain so well sir, I have no words to speak.

[@FinTaxPro]

Glad you like it.

[@deepakvishnoi8904]

Sir kiya jo rent le raha vo gov. Ha to kiya tabhi rcm paid karna h

[@mahendrapraveenAgro]

Is...GST on rent for commercial property is taxable under RCM for proprietorship firm?

[@kartikpandya1162]

Your explanation method is very easy. After watching your video we are getting much knowledge

[@poonamsahu6004]

Sir office k leay rent liya gst dina hoga. ?

[@sunnydhingra875]

What about ITC on GST paid under RCM by the registered entity?

[@pravatsutradhar6044]

Sir rent pe koi minimum limit hai. Ya any rent amount par rcm lagega.

[@rajan10586]

Agar , tenant unregistered ha, to kya use mandatory registration Lena pdega, or tax Dena pdega kya? Ya phir unregistered person used commercial property is exempted from tax?

[@khanosama756]

Sir company rcm me tax pay karri hai toh uska itc kaise milega

[@akanshagupta8678]

Sir. Agar commercial property is let out by unregistered person to registered person..then rcm will be applicable?

[@souvikkundu1996]

Sir one question create on my mind I don't know does this a authentic question or not How government receipt gst by implement RCM mechanism, because taxpayer claim this amount as next month input

[@parmarnageen7711]

Sir rent ki threshold limit kitni hoti he ?

[@meenakshiarora9448]

Sir please tell about PG service??

[@rupeshhadimani2226]

Sir How much percentage tax to be collected and how much minimum monthly rent on which tax to be collected.

[@sarikamuley110]

If I paid rent with gst....then how can I claim for itc credit

[@1983deepakbhatt]

what if property is commercial , owner is unregistered and tenant is registered... is gst applicable

[@seemathakur3029]

Good evening Sir, I have a query. If a proprietor register under GST and basically supply service, lives in his parent house means house is in the name of parent. So pay no rent to them. Now for gst registration if he has shown that house where he lives with his family as principal place of business and selected it as rented, is RCM applicable ? Since he don't pay rent to his parent then on what amount gst will be charge ? Please guide .

[@RajKumar-ku1yz]

One point sir if any prop. Pays rent for shop and he debited to capital account not in Pl then whether it is exempt or reverse charge is appl7cable

[@jitendrakatiyar5715]

आपके ऊपर माता सरस्वती की कृपा है।

[@FinTaxPro]

Bas kripa bani rahe

[@Vijay_Kumar1989]

If company paying rent to unregistered person for use of employees residence/accomodation purposes then company is needs to pay RCM ???

[@ashokkumarchaubey6376]

Excellent illustration, Cristal clear explanation

[@FinTaxPro]

Glad you like it

[@karanroy6458]

Telegram me join kar rhe hai lekin error dikha raha hai

[@gstaccountinghub8018]

Is ITC available on rent RCM?

[@srishilpa8083]

If the recipient of service is not registered under gst, then, how to deposit under rcm ?

[@sonalibharti6772]

Hello sir, I have a case please help me to solve out ...... Individual given guest house to company who provide renting service...they further rented out the guest house to customer and collect renting charges .....and share 70% of it with individual...... please tell me the related provision or notification of GST?

[@unboxingeasy]

Sir TDS pe bhi video lao...

[@prasadbhaste9067]

thank you sir. confused bahut hota hai RCM main.

[@rajkishan4169]

Sir ye concept commercial building per bhi implement hota h

[@FinTaxPro]

Waha jarurat nahi k because already landlord registered hoga h and NCM m pay karta h

[@paathsinghbhasin2458]

Sir thank you so much I have proprietor ship firm now clear my all doubts thank u 🙏

[@iamkrik]

As a residential tenant, should I pay GST to landlord? 11month rent agreement in white a4 page, landlord asking money by cash,when asked for rent receipt owner demanded 18% GST. Could you please suggest?

[@RK-pu8rz]

Sir,rent ka RCM ka input le sakte hai?

[@tishagautam1391]

Rcm mtlb

[@msindiabiotech4497]

Can we claim itc in 3B in both conditions ?

[@poonamsahu6004]

Sir llp meaning?

[@FinTaxPro]

Limited liability partnership.

[@shubhamsaini9598]

Hello sir I have a query what if the landlord is registered under comp. Scheme and tenant is occupying the residential dwelling for business purposes but tenant is not registered under GST , kindly resolve my query?

[@MohdShahid-mq5ft]

Thank u Sir for clarification & well Explained..👍

[@FinTaxPro]

Glad you like it.

[@gursewaksingh7570]

What is the scenario where govt deptt. providing lease service to its employees for only residential purpose from unregistered person

[@knowledgewithhasu4716]

Sir, Import and export topic per indetail video banaiye with Accounting procedure

[@ganga3092]

Sir me rent pay kartha hoon Par meri wife ecommerce ke liye GST registration Lena chhati hai Is me rcm apply hoga

[@alokdixit4986]

Very well explained sir 👍

[@FinTaxPro]

Glad you like it.

[@ajay.pujara]

Sir very nice explained your great..

[@nikhatparveen7476]

Your explanation is awesome

[@MohitSharma-y2b]

Sir, If Director gives his personal Property to the Company for making the property as company's registered office and receives rent from the company's current account then GST liability will be borne by whom ?? Company or Director ?? Also both are registered under GST

[@marufkhan9872]

Sir your explanation is excellent But sir I am registered person a used commarcial property but landlord is unregistered so I can pay tax under RCM

[@desinghl7153]

Great Bro, good video knowledged based.

[@renukaporwal7569]

Sir, can we revised tax audit report for fy 20-21?

[@Carpediem001-b7c]

What if both Landlord and Recipient are unregistered..?? Who will be liable in this Case?

[@pabitrakubhoi5125]

Partnership firm has no separate legal entity

[@ManpreetKaur-jw3kg]

too good explanation sir, lots og gratitude

[@vishnusoniajmer5953]

Sir Is Rcm Applicable on Shop Rent ( unregistered receiver ) ??

[@sudhirjethva9457]

Sir you explained so well, but in case landlord is unregistered and having comercial property and given on rent to register person ,in such case whether register person is required to pay RCM on Rent paid

[@FinTaxPro]

Yes

[@durgadutttiwari9113]

But rcm not applicable on commercial property then how it is possible Please confirm

[@happydas3921]

Sir all concept clear

[@rajkishan4169]

Sir ye concept commercials buildings per bhi implement hota h ???

[@FinTaxPro]

Commercial building par landlord generally registered hote h to waha jyada issue nahi h

[@vickyagarwal5908]

Is ITC available for tax paid on residential dwelling under RCM.

[@FinTaxPro]

Yes if property use for business purpose.

[@anuragagarwal1247]

VERY NICE EXPLANATION SIR. ALL CONCEPTS CLEAR. MUCH APRECIATED.

[@FinTaxPro]

Keep watching

[@sonusingh.legend]

your big videos look good because you describe very simple way

[@FinTaxPro]

Glad you like it 👍

[@lakshamanpatole5190]

Very nice explanation sir ji

[@FinTaxPro]

Glad you like it

[@vishalsharma12831]

Sir if landlord is unregistered and he is denying us for RCM so what should we to do ?

[@FinTaxPro]

Why should landlord have any problem? Under RCM recipient have to pay GST

[@vickyagarwal5908]

1) Is ITC available for tax paid on residential dwelling under RCM. 2) It means from 18/07/22 to 31/12/22 proprietor is mandatorily have to pay gst under RCM irrespective of residential dwelling taken for residential use or business use.

[@FinTaxPro]

1. Yes if premises used from business purpose NN 15/2022 (Rates) provide explanation to provisions applicable from 18 July. Hence no liability if residential property use from residential purpose in personal capacity even after a registered proprietor. Even PIB also issue a clarification in this regard.

[@vickyagarwal5908]

@@FinTaxPro sir I am asking for the taxability for the period from 18/07/22 to 31/12/22. Becoz in Notification on 18/07/22 there is word "Registered Person" no explanation is used for "residential" or "other than residential".

[@FinTaxPro]

@@vickyagarwal5908 PIB already clarified this point on their official telegram channel Watch this for more clarity क्या अब Rent पर भी देना होगा GST ? ft @VivekAwasthiTax kzbin.info/www/bejne/mXzClGWEa5WFiNU

[@tushar7031]

To easy and too good explanation Thanku sir your video 👍.

[@munawwarfanclub3375]

Thanks for details explanation sir

[@FinTaxPro]

Glad you like it

[@knightwriter1663]

Regestard person ka kia matlab hai ? Can u tell me pls .

[@rajkamalsinghsingh8348]

Best explanation sir

[@narayansonkar484]

Sir iss chart ka pdf mil sakta hai kya

[@FinTaxPro]

Check our telegram channel

[@gautamenterprises6965]

Good Explain Sir Ek Question Hai Sir Agar Koi Proprietor Business Ke Liye Property Lekar Uski Payment Seving A/C Se Kare To ?

[@FinTaxPro]

Kar sakta hai, but business k liye current account recommended hota hai hamesa

[@deepanshupal6638]

Knowledgeable Content 🙏

[@dineshachar7314]

Very informative sir.. 👏

[@FinTaxPro]

Glad you like it

[@nakuldhal1007]

When the government takes a building on rent : 1. From a registered person 2. From an unregistered person.

[@pmsafee7426]

Bahut badiya sir

[@sidaarthbothra7858]

Sirji , if we have shown a registered client in B2C and the same tax has been paid in GSTR 3B, In next month we add the same bill in GSTR1 so that the client can get his input simultaneously we need to amend B2C of the same month, so that the tax liability match (((( but we cannot amend the B2C- in case the same issue occurs with the different client- as amendment can be done once only )))) so to be safe side we amend B2C at the year end or in Sept return of next year. but now the 88C has changed the picture, what will be the right procedure.

[@dhparmar2810]

Excellent

[@ashwinbiyani]

In case of a commercial property (nor residential) of an unregistered landlord, is rented by a registered entity….. according to some it does not come under RCM , as the new notification explanation is only for residential property. In case of commercial property always the landlord is liable for GST. I hope the 20 lac exemption limit still holds even for Commercial properties

[@abhishektrivedi8731]

Whether credit is available for GST Paid under reverse charge?

[@FinTaxPro]

Yes

[@ravirana494]

Good Information

[@asimshiledar8890]

Badiya sir ji 👍

[@santoshprasad5566]

Concept utna bhi difficult nahi hai , jitna aap khich rahe ho

[@mohammadmusani800]

If landlord is unregistered & property is commercial then there will be no tax? Please correct me if I'm wrong

[@FinTaxPro]

Generally person renting commercial property need to take registration.

[@Ashish-qt6kq]

Sir Pvt Ltd company hai jinka kaam service Dena hai aur wo sabhi kaam all over India chalta hai to employees kaam karne ke liye bahar Jake kaam karte hai aur wo waha pe room rent PE lete hai to company ko RCM bharna padenga

[@FinTaxPro]

Yes agar condition follow hoti h to company ko RCM m pay karna hoga

[@richapanchaity4865]

What will happen if the company has taken a residential property on rent for its NRI director an rent is paid by the company. The landlord is unregistered. If the company pays gst on RCM then can ITC be claimed?

[@FinTaxPro]

If paid by company then it is taxable under RCM. But important question is why company is paying for director personal rent?

[@richapanchaity4865]

@@FinTaxPro The director comes for business purpose for 2-3 months. Also please clarify whether this RCM paid by company can be claimed as input or not ...since lease agreement specifically mentions that property is let out for residential use

[@FinTaxPro]

@@richapanchaity4865 Yes you can claim ITC as well, if it is a business trip.

[@PriyanshuNath-p6k]

Great work sir

[@ravitejamom]

Sir now a days many corporate companies are providing cars to its employees to reduce the tax burden.....can u plss explain this concept ....how does the lease works and how gst gonna benefit that ...how employees getting benefit

[@FinTaxPro]

Let me check

[@vijaykumark4418]

Sir, In case of registered landlord rented for Unregistered commercial business, Liability to be paid by Landlord Via RCM right??

[@FinTaxPro]

Yea

[@vijaykumark4418]

@@FinTaxPro Thank you ❤️

[@Aky303]

Thanks you so much Sir

[@FinTaxPro]

Welcome

[@gauravgupta4964]

As per updated RCM list "5AA applys only on residential property. Commercial property does not fall under RCM. Therefore no rcm applicable on rent paid on commercial property to Unregistered person

[@FinTaxPro]

Yes that why i have not take about commercial property in RCM part 😃

[@dragonballz3040]

Eski toh bhut zaroorat thi sir

[@dilipshivhare2165]

What if landlord rented his commercial property but at the same time threshold limit does not exceed i.e., Rs. 20 Lakh. Will he still needs to get himself registered under GST and starts to raise tax invoice against the tenant ?

[@FinTaxPro]

No

[@happydas3921]

Thank you 💕

[@MrManjitsarora]

FOR PROPRETOR UNTIL AND UNLESS HE COMES UNDER AUDIT AMBIT...HE IS NOT LIABLE TO PAY RENT UNDER RCM....IF HE IS PAYING RENT FOR COMMERCIAL PROPERTY

[@yogeshtawade2014]

Sir ap great ho and app amare axer patel allrounded ho

[@yogeshtawade2014]

Sir are great and so looks axer pa

[@gasitodevi]

Business=sweet shop For transportation of goods or delivering they purchased truck and use it for that purpose. Question .1 - can we take ITC on purchase of truck? Question 2- can we take ITC even if we are not charging any freight?

[@FinTaxPro]

Yes you can

[@himanshugoyal8540]

Amazing sir

[@AmitSharma-fj2yn]

Namaskar sir amit from mp

[@FinTaxPro]

Namaskar

[@ishwarbhise3675]

Sir table 14 , 15 ka practicality working kaise hoga, kya table 3.1.1 mein data dalna hai ya nahin? Aur R1 mein pahle nill mein dikhate the e commerce sale to wahi sale kya table 14 mein bhi dalna hai ya nahin? Aur ha to uska Cgst, sgst mein bifurcate kaise karenge ya woh data auto drafted hoke aayega?

[@FinTaxPro]

Jaldi video milegi ispe bhi

[@shahidbhat8152]

nice

[@deepakraaz9736]

आपके वीडियो का इंतजार रहता है sir

[@FinTaxPro]

Aasha karta hu aapko pasand aai hogi video

[@deepakraaz9736]

बहुत ज्यादा पसंद आया sir

[@woldyworld-fashionablevlog1378]

Can you please make a practical video on this topic Monthly GST return preparation and filings. • GST - Reconciliation of GSTR 3B, GSTR 2A, GSTR 1, Cash and Credit ledger with Books • Accounting for bank transactions and bank reconciliation • Processing of payments to Vendors, consultants and staff. • GST accounting - purchases, sales, input credit, output tax and other components. • Proficient in MS excel and automation generation, export\import excel & PDF, data consolidation. Trial Balance Preparation. ⚫Should know adjustment. .Should have knowledge all taxation

[@unboxingeasy]

Aap bus gst or notice hi dekhate ho 😂

[@parmarnageen7711]

Sir apko dislike kare vo pagal ho sakta he.