Paddu Jaladi (15 Points)
29 March 2017assets of charitable trust renting or lease to kalyanamandam or shadi mahal(commercial ), is it comes under supply of services of GSTact
like general renting of bulidings
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177227 Points)
Replied 29 March 2017
It seems to be. List of Exempted iterms/services not declared.
Madhukar N Hiregange
(Chartered Accountant)
(39034 Points)
Replied 29 March 2017
It would be liable under GST. To confimr wait till rates/ exemption list out.
SHRIRAM
(Special Assistant)
(39 Points)
Replied 07 July 2017
Services by a person by way of- (a) conduct of any religious ceremony; (b) renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961 (hereinafter referred to as the Income-tax Act) or a trust or an institution registered under sub clause (v) of clause (23C) of section 10 of the Income-tax Act or a body or an authority covered under clause (23BBA) of section 10 of the said Income-tax Act: Provided that nothing contained in entry (b) of this exemption shall apply to,- (i) renting of rooms where charges are one thousand rupees or more per day; (ii) renting of premises, community halls, kalyanmandapam or open area, and the like where charges are ten thousand rupees or more per day; (iii) renting of shops or other spaces for business or commerce where charges are ten thousand rupees or more per month.
Finally as notified by the CBEC the above service comes under Nil RATE
Excel Mastery Program
CAclubindia
