Services by way of renting of residential dwelling for use as residence attracts no GST
What is the concessional rate of GST on Services by way of renting of residential dwelling for use as residence? Any GST payable for Services by way of renting of residential dwelling for use as residence? Should I need to pay GST on my Service product Services by way of renting of residential dwelling for use as residence?
As per GST Law 2017, there is no GST payable on Services by way of renting of residential dwelling for use as residence.
So the rate of GST payable on Services by way of renting of residential dwelling for use as residence is nil rate.
The Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.
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The above details about GST rate tariff on Services by way of renting of residential dwelling for use as residence is only for information.
The validity of above information and amendments about GST rate Services by way of renting of residential dwelling for use as residence may be verified before any business dealing.
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