GST on Renting of Residential Dwelling unit
The provision of a home rental service to a registered person is now subject to the Reverse Charge. GST will be assessed in the following manner for residential rental housing:
|
Property Nature |
Provider of Service |
Recipient of Service |
Renting Purpose |
Applicability under the GST regime |
|
Residential House Property |
Unregistered Person |
Registered Person |
Let out for Residential |
GST will be under reverse charge mechanism |
|
Let out for Commercial Purpose |
GST will be under reverse charge mechanism |
|||
|
Unregistered Person |
Let out for Residential |
Exempted |
||
|
Let out for Commercial Purpose |
Not Applicable till the threshold limit is not exceeded |
|||
|
Residential House Property |
Registered Person |
Registered Person |
Let out for Residential |
GST will be under reverse charge mechanism |
|
|
|
|
Let out for Commercial Purpose |
GST will be under reverse charge mechanism |
|
|
|
Unregistered Person |
Let out for Residential |
Exempted |
|
|
|
|
Let out for Commercial Purpose |
forwarding Charge machoism will be applicable under GST |
Please be aware that the list of GST rate amendments provided here is not complete, and you are advised to consult the relevant notification to determine the current GST rate.
