Gst on renting of residential complex
This query is : Resolved
14 July 2017
Sir,
An individual has given his flat for residential purpose to a company. The company is using this flat for staff accommodation.
Whether the same is exempted from GST as per the exemption list?
An individual has given his flat for residential purpose to a company. The company is using this flat for staff accommodation.
Whether the same is exempted from GST as per the exemption list?
14 July 2017
The rent received by the individual is Commercial Rent and not Residential rent as the house is used by company for their staff and the company pays the rent. If the individual total rent receipts and business receipts is more than Rs.20 Lakhs then he is liable to register under GST.
VK
VK
15 July 2017
Sir,
Thank you for your reply.
Sir, is there any difference if, as per the agreement with the company, the occupant is only one employee and his family and it is specifically mentioned in the agreement that the flat can be used for their residential purpose only?
Thank you for your reply.
Sir, is there any difference if, as per the agreement with the company, the occupant is only one employee and his family and it is specifically mentioned in the agreement that the flat can be used for their residential purpose only?
15 July 2017
If agreement is with company it is treated as commercial. Whether used for residential or commercial purpose.
VK
VK
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- GST ON DAMAGED GOODS
- Last year TDS Claim
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- Suggestions required for income tax filing-software (FY 2025-26)
- E way bill for tractors
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
