Extension of Due Date for MCA Annual Filings without Additional Fees (FY 2024–25)

<p> The Ministry of Corporate Affairs (MCA) has extended the due date for filing annual returns and financial statements for FY 2024–25. Companies can file prescribed e-forms up to <strong data-end="263" data-start="207">31st January 2026 without paying any additional fees</strong>. All other conditio<br />ns of the earlier circular remain unchanged.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmyJLR3_egtd3ECMGEfwQtbcJ9_hVDyoQ8nXHSWDLoMl0UOfPYX-jk3koSlhTnv3envjC48KUPsfPE6QZI7F9JOFJ79WSQw7w_H6oE6Zs2uUhAWWgrUsO4O-ZVgc1VRlQjCC71GotR-xHUVPkELDUGCNiclCFNGKECqXYuU-_8XCYutmXxb8VpDGqD23r6/s1600/notification.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1600" data-original-width="1112" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmyJLR3_egtd3ECMGEfwQtbcJ9_hVDyoQ8nXHSWDLoMl0UOfPYX-jk3koSlhTnv3envjC48KUPsfPE6QZI7F9JOFJ79WSQw7w_H6oE6Zs2uUhAWWgrUsO4O-ZVgc1VRlQjCC71GotR-xHUVPkELDUGCNiclCFNGKECqXYuU-_8XCYutmXxb8VpDGqD23r6/w445-h640/notification.jpeg" width="445" /></a></div><p></p>

Extension of Due Date for MCA Annual Filings without Additional Fees (FY 2024–25)

 The Ministry of Corporate Affairs (MCA) has extended the due date for filing annual returns and financial statements for FY 2024–25. Compan...

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Advisory & FAQ on Electronic Credit Reversal and Re-claimed Statement & RCM Liability/ITC Statement

<p> <img alt="GST Advisory Services | Best GST Consultant in India" class="sFlh5c FyHeAf" src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcQqY7MPe_P3bdRTfAZecb0em81BjUeRb41GDw&s" style="max-width: 1200px;" /></p><p></p><li data-end="186" data-start="40"><p data-end="186" data-start="42">GST has introduced the <strong data-end="135" data-start="65">Electronic Credit Reversal & Re-claimed Statement (Reclaim Ledger)</strong> to track ITC reversals and re-claims accurately.</p> </li><li data-end="289" data-start="187"> <p data-end="289" data-start="189"><strong data-end="233" data-start="189">RCM Liability/ITC Statement (RCM Ledger)</strong> monitors RCM liability and corresponding ITC claimed.</p> </li><li data-end="361" data-start="290"> <p data-end="361" data-start="292">Claiming ITC in excess of available balance triggers a <strong data-end="358" data-start="347">warning</strong>.</p> </li> <li data-end="435" data-start="362"> <p data-end="435" data-start="364">Soon, <strong data-end="432" data-start="370">negative balances or excess ITC claims will not be allowed</strong>.</p> </li> <li data-end="542" data-start="436"> <p data-end="542" data-start="438">Filing of <strong data-end="475" data-start="448">GSTR-3B will be blocked</strong> unless excess ITC is reversed or RCM liability is paid/reversed.</p> </li> <li data-end="619" data-is-last-node="" data-start="543"> <p data-end="619" data-is-last-node="" data-start="545">Both ledgers will be <strong data-end="588" data-start="566">strictly validated</strong> at the time of GSTR-3B filing.</p></li><p></p>

Advisory & FAQ on Electronic Credit Reversal and Re-claimed Statement & RCM Liability/ITC Statement

  GST has introduced the Electronic Credit Reversal & Re-claimed Statement (Reclaim Ledger) to track ITC reversals and re-claims accura...

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SALE PERCENTAGE WISE REPORT IN TALLY

<iframe style="background-image:url(https://i.ytimg.com/vi/yWA_PZOIrK8/hqdefault.jpg)" width="480" height="270" src="https://youtube.com/embed/yWA_PZOIrK8?si=f2VODziNGc3_v0w1" frameborder="0"></iframe>

SALE PERCENTAGE WISE REPORT IN TALLY

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EWAY BILL UPDATE

<p> </p><ol class="pl-3 mb-0" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #333333; font-family: "Open Sans", sans-serif; font-size: 14px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin-bottom: 0px !important; margin-top: 0px; orphans: 2; padding-left: 1rem !important; text-align: left; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><li style="box-sizing: border-box;"><span style="box-sizing: border-box; font-weight: bold;">Supplier GSTIN Restriction:</span><span> </span>GSTINs registered under TCS and TDS categories cannot be used as Supplier GSTIN. These taxpayers are not permitted to generate e-waybills as supplier, and the system will now restrict entries where TCS/TDS GSTINs are used in the supplier field.</li><li style="box-sizing: border-box;"><span style="box-sizing: border-box; font-weight: bold;">Document Number Case Sensitivity:</span><span> </span>The Document Number field is now case-sensitive. The system will automatically convert entries to uppercase, regardless of whether users type them in upper or lower case.</li></ol>

EWAY BILL UPDATE

  Supplier GSTIN Restriction:   GSTINs registered under TCS and TDS categories cannot be used as Supplier GSTIN. These taxpayers are not per...

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GST on Rent

<p> <img alt="GST on Rental Properties-Commercial ..." class="YQ4gaf" data-atf="1" data-csiid="XuweaYyrOJeV4-EPzILUuQM_38" height="168" id="dimg_XuweaYyrOJeV4-EPzILUuQM_99" 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style="object-position: 64% 100%;" width="300" /></p><div aria-level="3" class="AdPoic" data-animation-nesting="" data-sfc-cp="" role="heading" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 20px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 600; letter-spacing: normal; line-height: 28px; margin: 20px 0px 10px; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">Key Scenarios for GST on Rent<span class="txxDge notranslate" data-wiz-uids="PBdLhb_i,PBdLhb_j,PBdLhb_k" style="visibility: hidden;"><span class="vKEkVd" data-animation-atomic="" style="position: relative; white-space: nowrap;"><button aria-label="View related links" class="rBl3me" data-amic="true" data-icl-uuid="7fb32f67-9c1a-4fbe-9651-3c25a22d9c62" data-ved="2ahUKEwjqotHBvYCRAxUdSGwGHVRvFqIQye0OegYIAQgAEAU" data-wiz-attrbind="disabled=PBdLhb_i_C5gNJc;class=PBdLhb_i_UpSNec;" style="background: none 0% 0% / auto repeat scroll padding-box border-box rgb(229, 237, 255); border-radius: 10px; border: none; cursor: pointer; height: 20px; margin: 0px 6px 0px 0px; outline: 0px; padding: 0px; position: relative; width: 28px;" tabindex="0"><span class="wiMplc ofC0Ud" style="color: #001d35; display: inline-block; transform: rotate(135deg);"><svg fill="currentColor" height="12px" style="margin-top: 3px;" viewbox="0 0 24 24" width="12px" xmlns="http://www.w3.org/2000/svg"><path d="M3.9 12c0-1.71 1.39-3.1 3.1-3.1h4V7H7c-2.76 0-5 2.24-5 5s2.24 5 5 5h4v-1.9H7c-1.71 0-3.1-1.39-3.1-3.1zM8 13h8v-2H8v2zm9-6h-4v1.9h4c1.71 0 3.1 1.39 3.1 3.1s-1.39 3.1-3.1 3.1h-4V17h4c2.76 0 5-2.24 5-5s-2.24-5-5-5z"></path></svg></span></button></span></span></div><div class="Fsg96" data-sfc-cp="" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></div><div class="Fv6NCb" data-sfc-cp="" data-ved="2ahUKEwjqotHBvYCRAxUdSGwGHVRvFqIQ-q4QegYIAQgAEAc" data-wiz-uids="PBdLhb_m" style="-webkit-text-stroke-width: 0px; background-color: white; box-sizing: border-box; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; margin: 10px 0px 20px; orphans: 2; overflow: auto; scrollbar-width: none; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; width: auto; word-spacing: 0px;"><table class="NRefec" data-animation-nesting="" style="border-collapse: collapse; border: none; table-layout: auto; width: 632px;"><tbody><tr class="cZCYO" data-sfc-cp=""><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px 0px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">Type of Property<span class="uJ19be notranslate" data-wiz-uids="PBdLhb_p,PBdLhb_q,PBdLhb_r"><span class="vKEkVd" data-animation-atomic="" style="position: relative; white-space: nowrap;"> <button aria-label="View related links" class="rBl3me" data-amic="true" data-icl-uuid="2c95d110-a0c9-4559-9890-4a2653151037" data-ved="2ahUKEwjqotHBvYCRAxUdSGwGHVRvFqIQye0OegYIAQgAEAg" data-wiz-attrbind="disabled=PBdLhb_p_C5gNJc;class=PBdLhb_p_UpSNec;" style="background: none 0% 0% / auto repeat scroll padding-box border-box rgb(229, 237, 255); border-radius: 10px; border: none; cursor: pointer; height: 20px; margin: 0px 6px 0px 0px; outline: 0px; padding: 0px; position: relative; width: 28px;" tabindex="0"><span class="wiMplc ofC0Ud" style="color: #001d35; display: inline-block; transform: rotate(135deg);"><svg fill="currentColor" height="12px" style="margin-top: 3px;" viewbox="0 0 24 24" width="12px" xmlns="http://www.w3.org/2000/svg"><path d="M3.9 12c0-1.71 1.39-3.1 3.1-3.1h4V7H7c-2.76 0-5 2.24-5 5s2.24 5 5 5h4v-1.9H7c-1.71 0-3.1-1.39-3.1-3.1zM8 13h8v-2H8v2zm9-6h-4v1.9h4c1.71 0 3.1 1.39 3.1 3.1s-1.39 3.1-3.1 3.1h-4V17h4c2.76 0 5-2.24 5-5s-2.24-5-5-5z"></path></svg></span></button></span></span></div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 22px;">Usage</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">Tenant Status</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">GST Applicable?</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 10px 12px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 22px;">Rate</div></th><th class="iry6k" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 14px; font-weight: bold; line-height: 22px; min-width: 4em; padding: 0px 0px 12px 10px; text-align: left; vertical-align: top;"><div class="q88TKd" style="align-content: center; display: flex; height: 44px;">Who Pays?</div></th></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;"><strong class="Yjhzub" style="font-weight: bolder;">Residential</strong></td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Personal Use/Residence</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Unregistered Individual</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">No (Exempt)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Nil</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">N/A</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;"><strong class="Yjhzub" style="font-weight: bolder;">Residential</strong></td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Personal Use/Residence</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Registered Business</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Yes (under RCM)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">18%</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">Tenant</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;"><strong class="Yjhzub" style="font-weight: bolder;">Residential</strong></td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Commercial/Business Use</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Any (Registered or not)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Yes</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">18%</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">Landlord (FCM)</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;"><strong class="Yjhzub" style="font-weight: bolder;">Commercial</strong></td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Any Use</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Registered Business</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Yes</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">18%</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">Landlord (FCM) or Tenant (RCM)</td></tr><tr class="cZCYO" data-sfc-cp=""><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px 12px 0px; vertical-align: top;"><strong class="Yjhzub" style="font-weight: bolder;">Commercial</strong></td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Any Use</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">Unregistered Individual</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">No (if landlord is below threshold)</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 10px; vertical-align: top;">N/A</td><td class="cOeeGf" colspan="undefined" data-sfc-cp="" style="border-bottom: 1px solid rgb(163, 201, 255); color: #0a0a0a; font-family: "Google Sans", Arial, sans-serif; font-size: 14px; font-weight: 400; line-height: 22px; min-width: 4em; padding: 12px 0px 12px 10px; vertical-align: top;">N/A</td></tr></tbody></table></div><span id="iC-geaarxCZ2QseMP1N7ZkAo_3" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_4" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_5" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_6" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_7" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_8" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_9" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></span><div class="Fsg96" data-sfc-cp="" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"></div><div aria-level="3" class="AdPoic" data-animation-nesting="" data-sfc-cp="" role="heading" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 20px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 600; letter-spacing: normal; line-height: 28px; margin: 20px 0px 10px; orphans: 2; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;">Important Details<span class="txxDge notranslate" data-wiz-uids="PBdLhb_2a,PBdLhb_2b,PBdLhb_2c" style="visibility: hidden;"><span class="vKEkVd" data-animation-atomic="" style="position: relative; white-space: nowrap;"><button aria-label="View related links" class="rBl3me" data-amic="true" data-icl-uuid="8b913189-8c67-4e74-9661-3db8fa7a723b" data-ved="2ahUKEwjqotHBvYCRAxUdSGwGHVRvFqIQye0OegYIAQgAEAo" data-wiz-attrbind="disabled=PBdLhb_2a_C5gNJc;class=PBdLhb_2a_UpSNec;" style="background: none 0% 0% / auto repeat scroll padding-box border-box rgb(229, 237, 255); border-radius: 10px; border: none; cursor: pointer; height: 20px; margin: 0px 6px 0px 0px; outline: 0px; padding: 0px; position: relative; width: 28px;" tabindex="0"><span class="wiMplc ofC0Ud" style="color: #001d35; display: inline-block; transform: rotate(135deg);"><svg fill="currentColor" height="12px" style="margin-top: 3px;" viewbox="0 0 24 24" width="12px" xmlns="http://www.w3.org/2000/svg"><path d="M3.9 12c0-1.71 1.39-3.1 3.1-3.1h4V7H7c-2.76 0-5 2.24-5 5s2.24 5 5 5h4v-1.9H7c-1.71 0-3.1-1.39-3.1-3.1zM8 13h8v-2H8v2zm9-6h-4v1.9h4c1.71 0 3.1 1.39 3.1 3.1s-1.39 3.1-3.1 3.1h-4V17h4c2.76 0 5-2.24 5-5s-2.24-5-5-5z"></path></svg></span></button></span></span></div><ul class="KsbFXc U6u95" style="-webkit-text-stroke-width: 0px; background-color: white; color: #0a0a0a; font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; font-style: normal; font-variant-caps: normal; font-variant-ligatures: normal; font-weight: 400; letter-spacing: normal; line-height: 24px; margin: 10px 0px 20px; orphans: 2; padding-inline-start: 16px; padding: 0px; text-align: start; text-decoration-color: initial; text-decoration-style: initial; text-decoration-thickness: initial; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px;"><li data-hveid="CAEIABAM" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;"><span class="T286Pc" data-sfc-cp="" style="overflow-wrap: break-word;"><strong class="Yjhzub" style="font-weight: bolder;">Residential Property for Personal Use:</strong><span> </span>Rent paid for a residential dwelling used solely for personal accommodation is<span> </span><strong class="Yjhzub" style="font-weight: bolder;">fully exempt</strong><span> </span>from GST. This applies even if the landlord is GST-registered.</span></li><li data-hveid="CAEIABAN" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;"><span class="T286Pc" data-sfc-cp="" style="overflow-wrap: break-word;"><strong class="Yjhzub" style="font-weight: bolder;">Commercial Property:</strong><span> </span>Renting out commercial properties (shops, offices, warehouses, etc.) is considered a supply of service and is generally subject to an<span> </span><strong class="Yjhzub" style="font-weight: bolder;">18% GST</strong>.</span></li><li data-hveid="CAEIABAO" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;"><span class="T286Pc" data-sfc-cp="" style="overflow-wrap: break-word;"><strong class="Yjhzub" style="font-weight: bolder;">Reverse Charge Mechanism (RCM):</strong></span><ul class="KsbFXc U6u95" style="font-family: "Google Sans", Roboto, Arial, sans-serif; font-size: 16px; line-height: 24px; margin: 10px 0px 20px; padding-inline-start: 16px; padding: 0px;"><li data-hveid="CAEIABAP" style="list-style: circle; margin: 0px 0px 16px; padding-inline-start: 0px; padding: 0px;"><span class="T286Pc" data-sfc-cp="" style="overflow-wrap: break-word;">If a GST-registered business (tenant) rents any property (commercial or residential) from an unregistered landlord, the<span> </span><span id="iC-geaarxCZ2QseMP1N7ZkAo_10"><strong class="Yjhzub" style="font-weight: bolder;">tenant is liable to pay the 18% GST</strong></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_11"><span> </span>directly to the government under the RCM</span><span id="iC-geaarxCZ2QseMP1N7ZkAo_12">.</span></span></li><span id="iC-geaarxCZ2QseMP1N7ZkAo_13"><li data-hveid="CAEIABAQ" style="list-style: circle; margin: 0px 0px 16px; padding-inline-start: 0px; padding: 0px;"><span class="T286Pc" data-sfc-cp="" style="overflow-wrap: break-word;">The tenant can generally claim an<span> </span><strong class="Yjhzub" style="font-weight: bolder;">Input Tax Credit (ITC)</strong><span> </span>for this GST paid, provided the property is used for business purposes.</span></li></span></ul></li><span id="iC-geaarxCZ2QseMP1N7ZkAo_14"><li data-hveid="CAEIABAR" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;"><span class="T286Pc" data-sfc-cp="" style="overflow-wrap: break-word;"><strong class="Yjhzub" style="font-weight: bolder;">Threshold Limit:</strong><span> </span>Landlords (who are not under RCM conditions) must register for GST and collect tax only if their total annual income from all taxable activities (including commercial rent) exceeds ₹20 lakh (₹10 lakh in special category states).</span></li></span><span id="iC-geaarxCZ2QseMP1N7ZkAo_15"><li data-hveid="CAEIABAS" style="list-style: disc; margin: 0px 0px 12px; padding-inline-start: 4px; padding: 0px;"><span class="T286Pc" data-sfc-cp="" style="overflow-wrap: break-word;"><strong class="Yjhzub" style="font-weight: bolder;">TDS vs. GST:</strong><span> </span>Tax Deducted at Source (TDS) on rent under the Income Tax Act is a separate matter from GST and applies to annual rents over ₹2.4 lakh (applicable from F.Y. 2024-25, previously ₹1.8 lakh).</span><span class="uJ19be notranslate" data-wiz-uids="PBdLhb_32,PBdLhb_33,PBdLhb_34"><span class="vKEkVd" data-animation-atomic="" style="position: relative; white-space: nowrap;"> </span></span></li></span></ul>

GST on Rent

  Key Scenarios for GST on Rent Type of Property   Usage Tenant Status GST Applicable? Rate Who Pays? Residential Personal Use/Residence Unr...

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What is Credit Control Area in SAP ?

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<p> <span class="break-words tvm-parent-container"><span dir="ltr"><span><br /></span><span><br /></span>A Business Area in SAP is an organizational unit used for internal financial reporting, especially when a company has multiple business segments or product lines.</span></span></p>

What is Business Area in SAP?

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