Assistant Manager
176 Points
Joined December 2009
Under GST the term "business" includes admission, for a consideration, of persons to any premises.Thus, though the income from Renting of Residential dwelling is reported under the head Income from House property under Income Tax Act,1961, renting of residential dwelling will be considered as business.Further, if renting of residential dwelling is not to be considered as business , there was no need for govt to exempt renting of residential dwelling from GST.