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The Hon’ble Supreme Court in the case of The State of Karnataka & Anr. held that renting of residential dwelling to lessee for sub-leasing as hostel providing long-term accommodation to students/working professionals qualifies for exemption under Entry 13 of Notification No. 9/2017-Integrated Tax (Rate) as “services by way of renting of residential dwelling for use as residence”.
In a significant development for small taxpayers under the composition scheme, the Central Board of Indirect Taxes and Customs (CBIC) eliminated 18% GST on rent when they lease premises from property owners not registered under GST. This decision is expected to substantially benefit several restaurants and service provides in the sector.
CBIC issued Notification no. 07/2025-Central Tax (Rate) dated 16.01.2025. It seeks to amend the Notification no. 13/2017-CTR dated 28.06.2017 which provides the list of services on which Reverse Charge Mechanism. Sponsorship service & Service by way of renting of any immovable property other than residential dwelling.
GST to be paid on entire increased rent received for period 01.09.2005 to 31.08.2022: AAR 01 Aug 2024
Central Board of Indirect Taxes & Customs (CBIC) issued CORRIGENDUM to Notification no. 9/2024- Central Tax (Rate), Notification no. 9/2024- Union Territory Tax (Rate) & Notification no. 9/2024- Integrated Tax (Rate) dated 08.10.2024
GST applicability on Renting/leasing of immovable property – commercial and residential.
CBIC issued Notification no. 09/2024-Central Tax (Rate) dated 08.10.2024 that Seeks to amend Notification No 13/2017-Central Tax (Rate) dated 28.06.2017
The latest change announced by the Goods and Services Tax (GST) Council regarding taxing rental income from commercial property is likely to improve the government’s tax revenue.
Whether GST registration needs to be obtained in each and every state where Immovable Property is located for Renting of…