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GST - Residential flat

26 October 2021

Since GST is not applicable on residential property rented for residential purpose BUT IF Residential flat is given to company as residence of their employees, Will it be covered under GST ?

If yes, please let me know which section or rule should be referred for clarity ?

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4 Replies

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 26 October 2021

It is still exempt if the company uses the property for residential purpose. The key will be to properly draft the agreement

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CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 26 October 2021

No it will be still exempt

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13954 Points)
Replied 29 October 2021

The key ingredient of supply will be seen to determine the nature of supply. As it is rented for residential purpose only it continues to remain exempted.