GST Invoice
Query (Issue) Started By: – Vishnu SR Dated:- 22-9-2017 Last Reply Date:- 25-9-2017 Goods and Services Tax – GST
Got 4 Replies
GST
Hello All,
Greetings !!
I have few commercial building and I am paying GST for all the rents received from it. I have couple of questions in this regards.
1. In one of the building I collect the common electricity and water charges from individual tenents and I pay it by my self. Earlier, I used to send them an invoice once a quarter for these and they would send the payments to my account. But after GST, my auditors say that any invoice I raise should have GST component. But, how could I add GST for the common electricity and water bills ? Without any invoice my tenents won't rel
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elease the payments.
Your assistance in this matter is greatly appreciated.
Vishnu
Reply By Rajagopalan Ranganathan:
The Reply:
Sir,
Electricity is classifiable under heading No. 2716 00 00 and its intra state supply is exempted from CGST vide Sl. No.104 of Notification No. 2/2017-Central Tax (Rate) dated 2806.2017.
Similarly natural water is classifiable under heading 2201and its intra state supply is exempted from CGST vide Sl. No.99 of Notification No. 2/2017-Central Tax (Rate) dated 2806.2017.
The above goods are also exempted from payment of SGST vide Sl. Nos. 104 & 99 of Notification No. FD 48 CSL 2017, Bengaluru, dated: 29.06.2017 [NOTIFICATION (02/2017)] issued by Government of Karnataka.
In view of the above position you ma
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e not alienated from your business of renting. Also a substantial component of of furtherance of business which is attached with consideration albeit without any profit. In my opinion these charges are to be added to the taxable value and gst to be charged on the same. This is not a pure agent component.
Reply By Chhatra Jain:
The Reply:
I do agréé with Rajgopalanji that électricity and Walter charges are GST exempt items one can not charge GST on that. As electric ans water bills are only reimbursed by tenant thèse are not services provided by thé supplier.
So a simple commercial Bill should be issued. Value of thèse bills will not form part of your taxable turnover.
Discussion Forum – Knowl
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