PG Renting Services: GST is applicable

Indirect Taxation

Hi Party is having building & he is running PG in that, GST is applicable or does it come under residential property

Veera V

CA Final

★ 0

27-Oct-21 23:15

685

Answers (6)

Renting of property for residential purposes is exempt from GST, but rental income will be taxable as IFHP in the hands of owner/landlord.

Neel Daptardar

CS Executive

★ 5

28-Oct-21 11:33

Neel Daptardar

Renting of property for residential purposes is exempt from GST, but rental income will be taxable as IFHP in the hands of owner/landlord.

Ok PG Rent comes under Commercial Or Residential Please clarify

Thread Starter

Veera V

CA Final

★ 0

28-Oct-21 11:35

It depends upon Municipal records.

Shiva Teja

Faculty

28-Oct-21 17:23

Shiva Teja Faculty

It depends upon Municipal records.

How to find out, please share the link or details

Thread Starter

Veera V

CA Final

★ 0

28-Oct-21 17:33

Thread Starter

Veera V

How to find out, please share the link or details

There is no specific link to find out as such. In every city, there is municipal corporation and every property owner pays municipal tax. Further, municipal tax varies based on type of property i.e., residential or commercial.

Shiva Teja

Faculty

28-Oct-21 17:46

Shiva Teja Faculty

Ok thanks

Thread Starter

Veera V

CA Final

★ 0

28-Oct-21 17:47