Is the rent received by a very senior citizen on his Residential Flat rented to a tenant liable to pay GST.
Thanks
Menu
Is rent received liable to gst
Replies (4)
As per section 7 of the CGST act 2017 rent paid in course of furtherance of Busniess only liable for GST .
Rent received on immovable property which is for residential purpose is exempted from GST. So he is not liable to pay GST.
Ref: Notification 12/2017 dated 28.06.2017 SL No.12 heading 9963.
Madam Is this notification on CBIC web site ?. can you give me reference to download said notificatiion .
Yes sir it is available on CBEC web site
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
