GST On Rent: If you are living on rent in any residential property then you will have to pay 18% GST in addition to the rent. The government has given detailed information about this.
GST On Rent: There is constant news about GST. New rules of GST have also been implemented in the month of July. If you are living on rent in any residential property, then you will have to pay 18% GST in addition to the rent. Actually, this news is going viral once again. It is being told that apart from the rent, the tenant will also have to pay 18% GST. Let’s know the latest updates.
This news is becoming viral again on social media that apart from the rent, the tenant will also have to pay 18% GST. PIB Fact Check investigated this viral message. After this PIB called this news fake. PIB Fact Check made it clear that the news of 18% GST on house rent is completely wrong. Not only this, let us tell you that the statement of the government has also come to the fore on this.
The government gave an explanation
Earlier in a tweet, PIB said, “Rent of residential unit is taxable only when it is given on rent to a GST registered company for carrying on business.” It is further clarified that if a person takes it on rent for personal use, then no GST will have to be paid on it.
Know what is the rule?
According to the information given by the government, if a person rents a residential property for the purpose of his business, then he will have to pay GST. Earlier, when someone used to lease an office or building for commercial work, only then he would have to pay GST on the lease. Actually, since the meeting of GST, people are protesting against the increased rate.
Expert clarified the situation
According to experts, if a common salaried person has taken a residential house or flat on rent, then they do not have to pay GST. Whereas a GST-registered person or entity carrying on business, if they take a residential house or flat on rent, will have to pay 18 per cent GST on rent to the owner.
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