No GST on residential premises rented out for personal use: Govt
The government dismissed media reports which claimed that there is an 18% GST on house rent paid by tenants
BY Connect Gujarat Desk13 Aug 2022 6:49 AM GMT
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Connect Gujarat Desk13 Aug 2022 6:49 AM GMT
The government, on Friday, said GST will not be applicable on residential units if they are rented out to private persons for personal use.
The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.
In a tweet, the government said GST would be levied only when the residential unit is rented out to a business entity.
KPMG in India Partner Indirect Tax Abhishek Jain said the clarification provides relief to GST-registered proprietors or partners in GST-registered firms who take on rent immovable property for their personal use such as renting of a house for family accommodation.
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