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Tenancy related matter
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Tenancy related matter
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
Re: Tenancy related matter
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.
joseph- Posts : 277
Join date : 2014-09-25
Re: Tenancy related matter
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
Re: Tenancy related matter
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.
joseph- Posts : 277
Join date : 2014-09-25
Re: Tenancy related matter
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
Re: Tenancy related matter
If you can, back-date your charges to March. Otherwise, use OS.
joseph- Posts : 277
Join date : 2014-09-25
Re: Tenancy related matter
My company pays utilities bills under the landlord's name.
Can I claim input tax paid?
Can I claim input tax paid?
gracyzxx- Posts : 7
Join date : 2015-04-02
Re: Tenancy related matter
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.
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.
joseph- Posts : 277
Join date : 2014-09-25
Re: Tenancy related matter
I thought anyone can claim input tax for any purchases/bills/utilities under RM500.
gracyzxx- Posts : 7
Join date : 2015-04-02
Re: Tenancy related matter
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.
joseph- Posts : 277
Join date : 2014-09-25
Re: Tenancy related matter
That's very clear.
Thank you very much, Joseph.
Regards.
Thank you very much, Joseph.
Regards.
gracyzxx- Posts : 7
Join date : 2015-04-02
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