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Rented shop.
Is the GST of 18% applicable in case if the shop is given on a Leave and Licensece Agreement for three years which is notarised?
Replies (3)
When you rent out a residential property for residential purpose, it is exempt from GST.
Any other type of lease or renting out of immovable property for business would attract GST at 18%, as it would be treated as a supply of service.
GST is eligble for ITC Claim?
yes for ITC
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