Tag: #PropertyLeasing

Frequently Asked Questions (FAQs) on Goods and Services Tax (GST)

GST must be paid by the lessor on rent if the property is utilized for business.

January 19, 2024

MUMBAI: The Authority for Advance Rulings’ Rajasthan bench has ruled that if a lessee (who is registered for GST purposes) uses a residential property for business activities, then GST (Goods and Services Tax) is imposed on the rent. In the instance of Deepak Jain, the petitioner, who rented out his property to a private limited […]

GST must be paid by the lessor on rent if the property is utilized for business.more