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No GST On Residential Property: GoI

New Delhi, Aug 12: The opposition on Friday slammed the government over an 18 per cent GST being levied on rents. The government clarified that rent of residential units will be taxable only when it is rented to a business entity.

Sharing a tweet by a Delhi Congress leader on 18 per cent GST on rents, party leader Jairam Ramesh said: “After senseless GST on food items of daily consumption, now this.”

 

Trinamool Congress leader Saket Gokhale tweeted: 

The Press Information Bureau’s Fact Check team said there will be no GST on properties rented for residential use by a private person.

It also said that GST would not be levied even if a proprietor or partner of firm rents a residence for personal use.

With Agency Inputs…

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