Goods and Services Tax - Renting of residential dwelling is considered as a supply of service under CGST Act. When the residential dwelling is rented for the purpose of residence and the tenant is not registered under GST, it is not taxable. In other cases, i.e., when a residential dwelling is either rented for commercial purpose or the tenant is […]...
Goods and Services Tax - 1. Till 17.07.2022 the services by way of renting of residential dwelling for use as a residence were unconditionally exempted from GST vide Sr. No. 12 of Notification No. 12/2017-CT (Rate). However, from 18.07.2022 the said services became taxable if the same were supplied to a registered person and in such a situation the tax […]...
Goods and Services Tax - The services by way of renting residential dwelling for use as the residence (other than commercial purpose) has been *exempted from GST. However, based on the recommendation of the 47th GST Council Meeting, w.e.f. 18.07.2022, an exception has been carved out of the given exemption entry providing that the exemption would not be availab...
Goods and Services Tax - Article briefly discusses the GST applicability on rent in case where residential property is let out for business purposes and as well as for residential purposes....
Goods and Services Tax - The 47th GST Council meeting was held on 28th & 29th June, 2022 in Chandigarh. After much discussion, a number of recommendations were made by the council. Residential housing was one of the GST Council’s topics. We must comprehend what a residential dwelling is. The GST Act does not, however, define a residential home. We’...
Goods and Services Tax - Maharashtra Tax Practitioners’ Association has made a representation on Confusion related to Levy of GST under RCM on Residential Property, Rejection of Appeal for non-submission of Certified copy of order from Authorities and Issues related to GTA Time Limit Of 16.08.2022 For Submission Of Annexure V. MAHARASHTRA TAX PRACTITIONERS...
In re Indian Metals and Ferro Alloys Limited (GST AAR Odisha) - In re Indian Metals and Ferro Alloys Limited (GST AAR Odisha) Q. Whether Service Received by a registered person by way of renting of residential premises used as guest house of the registered person is subject to GST under Forward Charge Mechanism (FCM) or Reverse Charge Mechanism. Ans:- Now, evalu...
Seema Gupta Vs Union Of India & Ors. (Delhi High Court) - Seema Gupta Vs Union Of India & Ors. (Delhi High Court) HC held that renting of a residential dwelling by a proprietor of a registered proprietorship firm, who rents it in his/her own personal capacity for use as his/her own residence as well as not for use in the course or furtherance of busine...
In re Bollu Siva Gopala Krishna (GST AAR Telangana) - In re Bollu Siva Gopala Krishna (GST AAR Telangana) The applicant is renting immovable property and is desirous of ascertaining whether the said service is taxable if rendered to educational institutions registered under Section 12AA of the Income Tax Act, 1961 or to a Government School. Notificatio...
In re Indian Metals and Ferro Alloys Limited (GST AAR Odisha) -
Seema Gupta Vs Union Of India & Ors. (Delhi High Court) -