Is the rent received by a very senior citizen on his Residential Flat rented to a tenant liable to pay GST.
Thanks
prasad Nilugal
( GST Practitioner & Accounts )
(14536 Points)
Replied 10 July 2018
As per section 7 of the CGST act 2017 rent paid in course of furtherance of Busniess only liable for GST .
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 10 July 2018
Rent received on immovable property which is for residential purpose is exempted from GST. So he is not liable to pay GST.
Ref: Notification 12/2017 dated 28.06.2017 SL No.12 heading 9963.
prasad Nilugal
( GST Practitioner & Accounts )
(14536 Points)
Replied 10 July 2018
Madam Is this notification on CBIC web site ?. can you give me reference to download said notificatiion .
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