Tag: #Central Board of Indirect Taxes and Customs (CBIC)

CBIC: GST is not payable on a house rented to a proprietor for residential purposes.

January 3, 2023

NEW DELHI: The CBIC has stated that from January 1, no GST will be payable on housing units rented to the owner of a proprietary concern for residential use only. The Central Board of Indirect Taxes and Customs (CBIC) also notified changes to GST rates for certain goods and services, effective January 1, 2023, based […]

CBIC: GST is not payable on a house rented to a proprietor for residential purposes.more

There will be no GST on the sale of plots with basic infrastructure: AAR

September 23, 2022

The land has always been clearly exempt from GST. However, a never-ending battle erupted over whether the sale of plots following basic development is subject to GST. This case is nearing its end. MUMBAI: The GST-Authority for Advance Rulings (AAR) Karnataka bench has ruled that the goods and services tax (GST) is not applicable on […]

There will be no GST on the sale of plots with basic infrastructure: AARmore