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.”
after senseless GST on food items of daily consumption now this. this is asli kaala jaadu https://t.co/LE8xL7NtYZ
— Jairam Ramesh (@Jairam_Ramesh) August 12, 2022
Trinamool Congress leader Saket Gokhale tweeted:
Attention: Your house rent will now go up by 18%.
Why? Because the Modi govt will now be charging GST to tenants on their house rent.
Amidst a massive price rise, the cruel money-grabbing Modi govt is determined to squeeze every penny out of the pockets of ordinary Indians. pic.twitter.com/ugddD9Dwez
— Saket Gokhale (@SaketGokhale) August 12, 2022
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…