Who is online?
In total there are 4 users online :: 0 Registered, 0 Hidden and 4 Guests :: 1 Bot

None

[ View the whole list ]


Most users ever online was 25 on Thu Mar 12, 2015 5:00 pm
Latest topics
» This forum no longer accept new postings
Fri Jul 03, 2015 9:34 am by joseph

» Industrial Diesel
Fri Jul 03, 2015 9:11 am by joseph

» ICT industry
Fri Jul 03, 2015 9:10 am by joseph

» Input Tax (Passenger Car for business purpose)
Mon Jun 29, 2015 5:25 pm by joseph

» Conditions to Claim Input Tax
Mon Jun 29, 2015 3:12 pm by joseph

» Additional industry code
Sun Jun 28, 2015 5:53 pm by joseph

» Sales Commisions
Fri Jun 26, 2015 7:44 pm by Poon1

» Advance payment for services not rendered yet
Thu Jun 25, 2015 4:13 pm by joseph

» Turnover Below RM500,000 subequent to GST registration
Wed Jun 24, 2015 6:16 pm by joseph

» Consigment Sales
Wed Jun 24, 2015 6:00 pm by joseph

» GST Accounting Entries
Tue Jun 23, 2015 10:21 pm by joseph

» Advance payment received from Customer
Tue Jun 23, 2015 5:45 pm by joseph

Statistics
We have 351 registered users
The newest registered user is emtng

Our users have posted a total of 570 messages in 139 subjects
Search
 
 

Display results as :
 


Rechercher Advanced Search


Tenancy related matter

View previous topic View next topic Go down

Tenancy related matter

Post by hooymei on Wed Apr 01, 2015 9:13 am

Understand that rental is subject to GST. How about the utilities bill that being charged by the landlord/ owner of the unit? Owner paid the utilities master bill then will bill individual lots tenant of their consumption as per sub-meter, is such billing subject to GST? and what is the correct tax code to use on Tax invoice?

hooymei

Posts : 11
Join date : 2015-03-26

Back to top Go down

Re: Tenancy related matter

Post by joseph on Wed Apr 01, 2015 9:19 am

Yes, subject to GST. Tenants to use the tax code TX for the purchase. The landlord will use the tax code SR for the supply.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Tenancy related matter

Post by hooymei on Wed Apr 01, 2015 9:32 am

in that case, landlord is not allow to claim the GST paid for utilities as input tax?

hooymei

Posts : 11
Join date : 2015-03-26

Back to top Go down

Re: Tenancy related matter

Post by joseph on Wed Apr 01, 2015 9:38 am

The landlord is allowed to claim the GST as stated in the master bill as input tax and the landlord has to collect output tax on the individual bills invoiced to the tenants.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Tenancy related matter

Post by hooymei on Thu Apr 02, 2015 10:48 am

effective 1st Apr 2015, utilities bill subject to GST. However the bill that we received now was meant for March cunsumption hence it was not subject to GST. Then what tax code i should use when i bill tenant for March utilities in 1st Apr 2015?

hooymei

Posts : 11
Join date : 2015-03-26

Back to top Go down

Re: Tenancy related matter

Post by joseph on Thu Apr 02, 2015 11:34 am

If you can, back-date your charges to March. Otherwise, use OS.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Tenancy related matter

Post by gracyzxx on Thu Apr 02, 2015 6:13 pm

My company pays utilities bills under the landlord's name.
Can I claim input tax paid?

gracyzxx

Posts : 7
Join date : 2015-04-02

Back to top Go down

Re: Tenancy related matter

Post by joseph on Thu Apr 02, 2015 6:29 pm

Regulation 38(1)(a)(i) of the GST Regulations 2014 requires that any person claiming input tax must hold a tax invoice under his name.

The DG has todate only allows for an exception for the mobile phone bills under employees’ names.

Do a COT (change of tenancy) for your electricity account.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Tenancy related matter

Post by gracyzxx on Thu Apr 02, 2015 6:48 pm

I thought anyone can claim input tax for any purchases/bills/utilities under RM500.



gracyzxx

Posts : 7
Join date : 2015-04-02

Back to top Go down

Re: Tenancy related matter

Post by joseph on Thu Apr 02, 2015 8:27 pm

Maximum RM30 GST claimable only for simplified tax invoice without recipient' s name. If there is a recipient name and it is not your company name, no matter how much is the GST amount, you are not entitled to claim.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Tenancy related matter

Post by gracyzxx on Fri Apr 03, 2015 11:12 am

That's very clear.
Thank you very much, Joseph.

Regards.

gracyzxx

Posts : 7
Join date : 2015-04-02

Back to top Go down

Re: Tenancy related matter

Post by Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum