Hi everyone,
I have a lease signed for my commercial property that states the rent is $15000 p/a.
The security bond and deposit have been partly paid by installments, worked out on rent ($1250 p/m) plus GST. (total $1375)
The first months rent and the 2nd and 3rd installment of bond are now due and I have only just realised that they are paying a GST component, but I am not registered for GST.
Should I register, or is it easier to rework the payments on no GST included and refund the extra that they have already paid.
Hope this makes sense.
Regards
Verouska
I have a lease signed for my commercial property that states the rent is $15000 p/a.
The security bond and deposit have been partly paid by installments, worked out on rent ($1250 p/m) plus GST. (total $1375)
The first months rent and the 2nd and 3rd installment of bond are now due and I have only just realised that they are paying a GST component, but I am not registered for GST.
Should I register, or is it easier to rework the payments on no GST included and refund the extra that they have already paid.
Hope this makes sense.
Regards
Verouska