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Tenancy related matter EmptyFri Jul 03, 2015 9:34 am by joseph

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Tenancy related matter EmptyFri Jul 03, 2015 9:11 am by joseph

» ICT industry
Tenancy related matter EmptyFri Jul 03, 2015 9:10 am by joseph

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

» Conditions to Claim Input Tax
Tenancy related matter EmptyMon Jun 29, 2015 3:12 pm by joseph

» Additional industry code
Tenancy related matter EmptySun Jun 28, 2015 5:53 pm by joseph

» Sales Commisions
Tenancy related matter EmptyFri Jun 26, 2015 7:44 pm by Poon1

» Advance payment for services not rendered yet
Tenancy related matter EmptyThu Jun 25, 2015 4:13 pm by joseph

» Turnover Below RM500,000 subequent to GST registration
Tenancy related matter EmptyWed Jun 24, 2015 6:16 pm by joseph

» Consigment Sales
Tenancy related matter EmptyWed Jun 24, 2015 6:00 pm by joseph

» GST Accounting Entries
Tenancy related matter EmptyTue Jun 23, 2015 10:21 pm by joseph

» Advance payment received from Customer
Tenancy related matter EmptyTue Jun 23, 2015 5:45 pm by joseph

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Tenancy related matter

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Tenancy related matter Empty Tenancy related matter

Post by hooymei 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?

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Tenancy related matter Empty Re: Tenancy related matter

Post by joseph 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.

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

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

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Tenancy related matter Empty Re: Tenancy related matter

Post by joseph 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.

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Post by hooymei 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?

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

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

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

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

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Tenancy related matter Empty Re: Tenancy related matter

Post by joseph 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.

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

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



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Post by joseph 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.

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

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

Regards.

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