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Inclusion of Rental Business Location as Additional Place of Business (POB), Goods and Services Tax - GST |
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Inclusion of Rental Business Location as Additional Place of Business (POB) |
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Whether the Company is required to Declare Each Rental Property as Additional Place of Business in GST? Posts / Replies Showing Replies 1 to 10 of 10 Records Page: 1
YES , IF STOCKS ARE KEPT AND TRANSACTIONS ARE AFFECTED USING THIS ADDRESS
If not declared, transactions carried out therefrom, will be treated as from UNREGISTERED premises. Hence invalid in all aspects and consequences will follow.
Dear queirst Alternatively it would also treated that, holing stock of goods although covered by tax invoices in undeclared warehouse is for the purpose of evasion of tax. So it cannot be ignored so easily.
Please read it as querist.
Its supply of service. No goods are kept in the premises.
Dear Querist, W.r.t. your last post at Serial No. 5 above, IMHO, the taxpayer Co. can take said ITC with the understanding that GST outward liability against rental from Property No. 2 is also getting discharged from existing GSTN showing Property No. 1 as principal place of business. As a practical measure and to avoid needless disputes / litigation, it is better to add Property No. 2 (presuming, within same state / UT) as additional place of business in your existing GSTN. These are ex facie views of mine and the same should not be construed as professional advice / suggestion.
Suggested to add.
Dear Querist, Is there any technical or administrative problem in declaring each rental property as additional place of business ?
Agreed with Ld. friend Amit Ji and other professional colleagues. It is better to add the additional place of business for hassle free compliance.
The company is engaged in Rental Business having over 50 properties in State. Are we require to add all such properties? Page: 1 |
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