In the clip, the next discussion is about the format of
rent agreement.
If you don't become an expert in GST registration, then you
have to say.
I have taught part A.
I have taught you how to tackle the client.
I have taught you how to collect data information.
I have taught you part B.
I have taken an updated live portal.
I have seen small file converters.
And the attachments that are required, rent agreement and
electricity bill.
Let's talk about them too.
Friends, we can't give you any such format of electricity
bill.
Electricity bills are according to the area.
You have to scan the electricity bill and upload it
according to the area.
But the rent agreement is drafted.
I would like to discuss the rent agreement with you.
The business is considered separate and the owner is
considered separate.
Do you know this?
Absolutely know.
Friends, let's take the example of a partnership firm.
If there is a partnership firm and it has two partners, A
and B.
So, A and B are separate.
The identity of the partnership firm is separate.
The office that will open will open under whose name?
Under the name of A, B or Partnership Firm?
It will open under the name of Partnership Firm.
So, the Partnership Firm is working at that place.
Therefore, the Partnership Firm has to pay the rent.
Partnership Firm is liable to pay the rent.
To whom?
Landlord.
The owner of that place.
For example, this is our office where we are.
Now we are doing a lot of work.
And this is a Partnership Firm.
Let's assume.
I am still the same, but let's assume it is a Partnership
Firm.
I am and I have another friend.
And we have made a Partnership Firm.
XY Partnership Firm.
So, this business is happening here.
XY Partnership Firm is using this place.
We are sitting.
But in the documents, it will be said that this is the
office of XY Partnership Firm.
They are using it.
So, the responsibility of XY Partnership Firm is to pay the
rent to the landlord.
Although, XY Partnership Firm is not a running thing.
That it will pay the rent, etc.
All the partners will have to do the work.
We will do the work.
I will do it.
My friend will do it.
But whose name will run?
The name of the firm will run.
So, who will make the rent agreement?
Try to think about it.
The landlord will definitely stay there.
Because the rent agreement means that we are giving our
place to someone for rent.
For that, the agreement between two people is called a rent
agreement.
So, the person who will give his place, who is the owner of
this place, to use, who is called a landlord or a lesser,
landlord or lesser,
L-E-S-S-R, he will definitely come in that agreement.
His details will come.
His name, address will definitely come.
Who will be the other person?
The other person will be the one who is taking it on rent.
Now, in the person who is taking it on rent, should I write
my name or my friend's name?
Or, the name of the partnership firm will be written.
What do you say, my friend?
The name of the partnership firm will be written.
Because the name of the firm will be the rent agreement.
If it is a company case, the name of the directors will be
written.
Or, the name of the company will be the rent agreement
between the landlord and the company.
What do you say?
Between the landlord and the company.
In the case of an individual?
Between the individual and the owner-landlord.
Absolutely right answer.
Now, tell me one more thing.
Tell me one more thing.
This office is mine.
I am an individual.
I am the owner of the place.
The registry is in my name.
Should I make a rent agreement with myself?
No.
Then, the rent agreement is not required.
We had seen during the registration that if the property is
owned, we are the owner, then we will not need the rent
agreement.
Now, one more thing.
For example, the place is in my father's name.
Should I make a rent agreement?
What do you say?
No.
You will have to send a note.
If you make a rent agreement, then also it is not a bad
thing.
It will be considered as a good technical work.
The landlord, that is, the father, and the one who I am,
will be saved.
Then also it is not a bad thing.
If there is such a close connection, then you can just get
a consent letter from them and upload it.
They will write and give.
Father, you are allowed here.
You can work here in this name.
And I have no objection.
You can call it a consent letter or a no objection
certificate.
With that, you can attach their Aadhaar and PAN.
Make a file and upload it on the portal.
Upload the consent letter, Aadhaar and PAN.
Then also the work will be done.
But if it is a partnership firm, if it is a corporate, then
you have to make a rent agreement.
In any case, my dear friends.
Tell me.
Now some people are saying that with the consent letter,
will there be a separate option to upload Aadhaar and PAN?
Brother, did you get a consent letter from your father?
Keep their Aadhaar card, keep the consent letter, keep the
PAN card.
Take a photo of all three, merge one, make a file and
upload it.
This is what I am saying.
This will help the department that the person who gave the
consent letter, he also has Aadhaar and PAN.
Verification will be done in a good way.
Otherwise, you can get a no objection certificate from
anyone and get it signed.
Do you understand?
There should be some ID here.
So when the rent agreement will be made, let's see its
format.
This agreement is made between
I have opened the client here.
Shantidevi daughter of this address is written here.
Plot number this, opposite this, this state, pin code etc.
Everything is written here.
Means this is the owner of the place.
Whose name comes at the top?
Owner of the place.
This is the owner of the place.
She has given permission to her son to run a company there.
To run a company.
The son has made a corporate.
Okay.
So between whom will it be made?
Rent agreement will be made between mother and son.
Or between mother and company
Rent agreement will be made.
What do you say?
Between mother, landlord and company
Rent agreement will be made.
So above all, mother's, landlord's, landlady's, landlady's,
landlady's, landlady's, her name and details will come.
And below that, the name of the second party will come.
The name of the company and its address will come.
Okay.
Whereas, it is written ahead, the owner is absolute owner
of the property.
The whole ownership is with them.
There is no other owner.
Assume that the property is in the name of two people.
Then this word is not written here.
Absolute owner of the property.
Then it is written, joint owner of the property.
Both names come.
Okay.
And at the request of the tenant,
On the request of the company, the owner agrees that she
will give this property on rent for 11 months.
Rent agreement will be made for 11 months.
If it is more, then it will become a lease agreement.
Okay.
The period is written ahead.
For how long is it being taken on rent?
For the next year,
Tenant work regularly 10% increment on this rent.
And whatever rent will be decided, 10% increment will
continue.
Okay.
Now this deed witnessed as followed.
Look, this is all the format.
You don't have to make anything like this.
This is all a format, my dear friends.
But in this,
You have to change the details client by client.
You go to the court.
Anyone will make it and give it.
And anyway,
You have to get it made from the court or the court.
Because there is a stamp on it.
Witnesses have to be signed.
And you have to get it notarized in a way.
Do you understand?
So this will be made in the court anyway.
They will make the format and give it.
But still,
What happens?
If you take it from the client,
It will be made and come.
There will be a small mistake in it.
You will upload it on the GST portal.
The department will reject it.
The officer will say,
There is a shortage in this.
That's why you should come somewhere.
You will have to fight with these things.
You must come.
In pursuance of this agreement and in consideration of the
rent hereby reserved and of the condition converts and
agreement herein contained in the part of tenant
In total,
A lot of things are written.
Let's see what is written ahead.
To hold the same shop the tenant for a term of this month.
Okay.
This was written before.
The amount of rent is written below.
How much rent will be there per month?
When will it be paid?
Such monthly rent shall be paid on or before 10th day of
every month regularly.
If you want to take it on the 5th,
Editing can be done on the 5th.
That, The tenant shall use the premises exclusively for the
purpose of, according on his business of premises, he shall
neither of sublet the premises nor admit any other partner
in this business without the written consent on the
landlord.
You are saying,
The landlord is saying,
What is the landlord saying?
What is the landlord of the place saying?
That the place that we are giving for use, only the company
will use it.
Only the company will use it.
To use someone else in the future.
Company people,
Don't give it.
If it is found that you have taken it on rent from us, you
have given it to someone else in the future.
Don't do this.
All electricity bills that may be there of respect of the
said shop and accessories shall be broken and repairing
paid by tenant.
Means, All these are internal things.
Who will pay the bill?
Electricity bill generally does not have to be given to the
landlord.
It has to be given to the tenant, to the lessee.
Because who will use how much bill?
He is not the one who will see.
If there is any break in the shop, in the place, in the
office, then it has to be repaired by the tenant.
And every landlord would like to write this thing.
Isn't it?
The tenant shall be responsible for keeping the said shop
in good shape and shall not alteration therein without the
written permission of the landlord.
There is no such thing that you start digging here without
the permission of the landlord.
Take the adjacent room inside, like Munna Bhai MBBS.
So, you will not be allowed to do any such modification
here.
And even if you have to drill something, have to make some
changes here, if you do not have written permission, then
you will have to take the permission of the landlord.
For example, whenever we drill here, we also tell you a
practical example.
So, let's ask them once.
For example, we drill on the roof once to install a
projector here.
So, we drill on the roof, we first asked them whether we
can do it or not.
So, we did it when they gave us the permission.
And this should also be in writing.
Anyway, it is also ethical, you can ask them.
That agreement will be subject to termination after one
month notice in return from either side by the tenant or by
the owner
and after that my dear friends, the name of the
organization and the name of the partner or the director or
the owner who is signing it there will be two signatures of
the witnesses and also of the landlord and here I told you
to put the date of the witnesses under the sign and take
their Aadhaar card the department can ask for the authority
and authenticity of the witnesses to check them is it ok?
yes sir, this would be ok now we have the format of a
letter of authorization and this rent
you have to get it on the stamp paper the court will tell
you how much is the stamp paper it is according to the rent
it is 2% or 4% value
I think it is 4% how much ever the rent will be, it should
be 4% you will get to know that in the court how much on
the stamp paper we have to get it there was one more
format, what was that?
letter of authorization what is the use of the letter of
authorization? can you tell me? what is the use of the
letter of authorization?
tell me when do we have to attach the letter of
authorization? dear children, tell me when is the letter of
authorization attached?
whether it is a partnership firm or a company or an
individual
I am asking you this when is it attached? just tell me this
much
sir, in the case of partnership and company in the case of
partnership and company, very good because what is its
objective? its objective is that whose signing authority is
there his name will be written and the other person gave
him the authority he has no problem so in which case does
the other person come? the other person will come either to
the partnership firm or the company in the case of an
individual, it is not needed in the case of an individual,
it is not needed so in the case of
firm, it will be needed or in the case of a company let's
read out the format of this declaration for authorized
signatory declaration for authorized signatory here, what
will be written? first, I means, take the partnership firm
for example, this is a partnership firm so after saying I
no, this is a private limited company take the private
limited company in that, there are two directors
A and B
there are two directors
A and B ok A director is given the signing authority to
whom is the signing authority given?
A director
now, who will write this thing that I give this signing
authority which director?
B so here, it is written I
B hereby, solely affirm and declare that
A will act as authorized signatory for this business for
which GST registration is being filed
B said, I will write signing authority will be with A in
this GST registration all his actions in relation to this
business will be binding on me whatever he will do, he will
keep equal value for me
for all his actions
I will also be responsible should I write this or not?
absolutely both are partners and below, he will sign after
that below the partner A will write that yes
I accept this authority which B said
I will become the signing authority
I accept and in this way, he will sign below here, place
and date will come and my dear friends this will become the
format of your letter of authorization however, keep one
thing in mind
this will come out on the company's letterhead on the
company's letterhead do you know what letterheads are?
yes there are printed documents above company's name,
address, name, mobile number all details are written
address is also given below it can be above or below it
depends on the design printing on the letterhead will mean
this document is certified by the company stamp will be
placed on it company seal will be placed and both will be
signed here
this format you will upload and attach there
now friends if you want to attach this in PDF and you have
it in Word then you have learned to convert it if you can
convert it in any other format you can easily upload it
there according to me
GST registration has ended from A to Z now there is no
discussion in it in the very beginning we saw client
entered your gate on the first day so what do you have to
do? how to get the document? how to apply the application
in two days? how to fill part A and part B? which
attachments will be used in them? rent agreement
electricity bill and letter of authorization we have seen
their format we have seen how to change their file
formatting how to compress size we have seen that after
this you
ready to upload the final yes now if your query comes from
the department
you have uploaded submitted after that department will
either send you a certificate or will send you a query then
that particular query you have to read out there and you
have to see what is the problem with the department in that
particular query whatever the department has said you have
to fulfill it if you have asked for any additional document
you have to give it there like I told you you have applied
the rent agreement and electricity bill so the query can
come based on the witness so
that thing there ok many times you have to visit the
department or maybe the department officer says that we
have to see the physical verification whether this place is
there or not where you are doing business so according to
that you have to tackle those queries ultimately GST
registration is done even if the query comes but it takes a
little time if the query comes you have to tell the client
first that if the query comes then be a little ready for
time ok let's go
GST registration ends completely if you have any problem
any doubt you have to ask anything you can ask us without
any problem without any problem ok thank you bye bye and
take care