Forward charge instead Reverse charge on Property rent
This query is : Resolved
Quick Summary
18 January 2024
Is there any provision or case law for a Regular taxpayer to opt Forward charge mechanism for residential property rented to a registered person.
19 January 2024
GST not applicable for residential Rent...
Also residential building can't be used for business purpose.
If it's used for business then it's also deal as business income...
20 January 2024
GST was exempt on residential dwelling till 17th July 2022. However, GST @18% is applicable on residential dwelling, from 18th July 2022, if the tenant of the residential dwelling is registered under GST.
https://taxguru.in/goods-and-service-tax/gst-rent-residential-commercial-property.html#google_vignette
https://taxguru.in/goods-and-service-tax/gst-rent-residential-commercial-property.html#google_vignette
20 January 2024
The residential building rented to residential purpose then gst not applicable. Even tenant registered or not...
22 January 2024
I think the exemption has withdrawn for the case of renting to registered person and GST is chargeable.
The Reverse charge is applicable for the transaction. I need to know there is any provision to follow forward charge for the same.
The Reverse charge is applicable for the transaction. I need to know there is any provision to follow forward charge for the same.
22 January 2024
Yes the exemption is withdrawn of the residential building used in business purpose. If the registered person used for residential purpose then GST not applicable.
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