GST on cooking gas: Rent constrain hoteliers to pass on benefits to consumersThe Karnataka State Hoteliers' Association expressed its inability to pass on GST benefits to consumers, citing unchanged taxes on cooking ...
SBI locker: Know latest charges, revised guidelinesThe State Bank of India (SBI) has modified its locker rental fees, which vary by location and locker size. Here are the latest locker renta...
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 ...
SBI Cards hikes processing fee on rent payments, EMI transactions via credit cardSBI Cards has informed its credit cardholders via SMS that they have revised processing fees on certain transactions. The new revised rates...
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...
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 ...
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No GST applicable on rental of 'sarais' under religious or charitable trust: CBICThere is another exemption which exempts renting of rooms in religious precincts by a charitable or religious trust, where amount charged f...
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...
Only GST-registered tenants face rent taxThe new norms stipulate that from July 18, when an 'unregistered person' (for example, a salaried individual or small businessperson) gives...
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...
Hospital room rent to become costlier as GST applicable from July 18The Goods and Services Tax (GST) council in its last meeting held on June 28-29, 2022, decided to expand the tax base by withdrawing certai...
FHRAI seeks rationalisation of GST rates for hospitality sectorFHRAI has also asked the government to consider simplification of goods and services tax (GST) rules to enable the establishments falling u...
GST jolt for real estate developers: Paying tax on rent they never gotAs per the GST framework, tax has to be paid at the time of raising invoice and not when the actual payment is made.
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,...
No GST on support services to farmers: Finance MinistryA clarification was issued stating that the renting or leasing of land by farmers for agriculture, forestry, fishing or animal husbandry wa...
Restaurant associations to approach Finance Ministry for input tax credit on rentNational Restaurant Association of India (NRAI) said it is also planning to send representations to the finance ministry on the matter.