SEO Sai Gr. Hosp.
208374 Points
Joined July 2016
Yes, Under the erstwhile Service tax law, Notification No. 29/2012-ST provided exemption to the taxable service of renting an immoval property from so much of service tax leviable thereon u/s 66B, as in excess of service tax calculated on the value which is equivalent to the gross amount charged for renting less the taxes on such property, viz. property tax levied and collected by local bodies.
But there is no such notification under GST regime, except nil gst over residential rent.....