GST not payable on house rented to proprietor for residential purpose: CBICEthyl alcohol supplied to refineries for blending with motor spirit (petrol) will attract 5 per cent GST from January 1, lower than the 18 ...
31 Dec, 2022, 06.06 PM IST
Govt says claim of 18% GST on house rent for tenants is misleadingThe fact-checking arm of the Press Information Bureau tweeted that reports claiming 18% GST on house rent for tenants are misleading. Renti...
12 Aug, 2022, 09.08 PM IST
Congress calls GST on rent 'kaala jaadu'; Govt says doesn't apply if property rented for personal useIn a tweet, Delhi Congress vice president Mudit Agarwal said 18 per cent GST on rent even for residential property is an example of 'acche ...
12 Aug, 2022, 07.04 PM IST
When is 18% GST applicable for renting of residential properties?To keep things simple, the liability to deposit GST has fallen on the tenant. The landlord is neither required to obtain any registration u...
21 Jul, 2022, 01.20 PM IST
Apartment to get costlier to rent for corporate executives“Furthermore, going by experience in such cases, the input tax credit (ITC) of GST on this rent paid by corporates may be disputed by the G...
20 Jul, 2022, 09.46 AM IST
People hurt when they needed relief: Varun Gandhi on GST on pre-packaged food itemsThe Union Finance Ministry issued a set of frequently asked questions (FAQs) on the levy of the GST on items ranging from cereals and pulse...
18 Jul, 2022, 04.42 PM IST
Karnataka AAR ruling: Subletting, leasing under GST ambitIn a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months,...
24 Apr, 2020, 11.34 PM IST
GST applicable on sublet accommodation, rules Karnataka AARIn a case involving about 42 single rooms having been sublet by a tenant to students for periods ranging between three months to 11 months,...
24 Apr, 2020, 10.58 PM IST
9 changes that impact your financial plan for FY2019-20Here are the 9 changes you should take into account while planning for the new financial year.
01 Apr, 2019, 03.16 PM IST
Budget 2018 may roll out tax sops for home buyersCurrently, for a self-occupied property, in addition to the tax benefit on the principal amount, interest paid is deductible up to Rs 2 lak...
20 Jan, 2018, 06.48 AM IST
Rental prices to increase between 5-12% in 2018: Amit Kumar Agarwal, NoBrokerThe introduction of policy reforms like GST and RERA brought immediate discomfort but will help improve transparency in the long run.
29 Dec, 2017, 11.20 AM IST
Real estate queries: No GST on houses rented for residential purposesSiddhart Goel, senior director, research services, Cushman & Wakefield answers queries from our readers on real estate.
08 Dec, 2017, 03.10 PM IST
Room rent in hospitals exempted from GST"Declared or published tariff is relevant only for the determination of the tax rate slab," the clarification issued in form of Frequently ...
29 Aug, 2017, 07.06 PM IST
Commercial rental income beyond Rs 20 lakh to attract GST, says Hasmukh AdhiaAdhia also said that if the house property is rent out for shop or office purpose, no Goods and Service Tax (GST) will be levied up to Rs 2...
11 Jul, 2017, 10.45 AM IST
Will the prices dip? All you wanted to know about GST's impact on housingExisting taxes have a cascading effect & consequently, the accumulated tax liability falls on the customer, resulting in a higher cost when...
29 Jun, 2017, 07.07 PM IST
Govt seeks powers to levy GST on all rental incomeAs per the current system, service tax is levied on rental income from commercial property, but not levied on residential property.
29 Mar, 2017, 10.20 AM IST
Top 10 expectations of real estate sector from Budget 2017Giving industry status to the real estate sector, against granting infrastructure status only to the affordable housing segment, would incr...
23 Jan, 2017, 05.20 PM IST