Update on issues surrounding levy of GST on renting of Residential Dwelling

by | Sep 1, 2022 | Insight

GST Council in its 47th Meeting held on June 29, 2022 proposed to withdraw exemption on service of renting of residential dwelling to business entities (registered persons). To effectuate this proposal, Government withdrew exemption on such services provided to registered persons. However, to everyone’s surprise, such services were also covered under RCM.

These amendments will have far-reaching impact since many taxpayers take residential dwelling on rent for expatriates, directors or employees. Multiple ambiguities relating to RCM and ITC also exist in these amendments.

Please click on the below link to read our booklet ‘NITYA | Update on issues surrounding levy of GST on renting of Residential Dwelling’ containing our insights on the issue.

NITYA I Update on issues surrounding levy of GST on renting of Residential Dwelling

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