GST applicability



is it gst applicable ...if i letting out property for residential purpose..

 
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ACCOUNTING/TAX CONSULTANCY AND ITR/GSTR FILING

Hi !

GST is not applicable on rent for a residential property for residential purpose. GST is applicable on renting of commercial properties.

Please note, GST has merely replaced the old tax system which included various kinds of taxes and duties.

As was the case earlier, there was no service tax on renting of residential properties for residential purposes. However, service tax was levied on renting of commercial properties.

Regards
KAAMIL AHAMADH

Total likes : 4 times

 
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thank u sir... paying guest ( P.G ). comes under residential purpose or not..
 
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it is residential purpose
 
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ACCOUNTS PROFESSIONAL

Yes its exempted, Services by way of renting of residential
dwelling for use as residence.
as per Notification 12/2017 CT (r)
 
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It is applicable for commercial properties but not on residential property
 
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