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No GST on residential premises if rented out for personal use: Govt


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The government on Friday said will not be applicable on if they are rented out to private persons for personal use.



The government dismissed media reports which claimed that there is an 18 per cent Goods and Services Tax (GST) on house rent paid by tenants.


In a tweet, the government said would be levied only when the residential unit is rented out to a business entity.


“No when it is rented to private person for personal use. No GST even if proprietor or partner of firm rents residence for personal use,” it said.


KPMG in India Partner Indirect Tax Abhishek Jain said the clarification provides relief to GST-registered proprietors or partners in GST-registered firms who take on rent immovable property for their personal use such as renting of a house for family accommodation.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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