WebGST - Concept & Status, Overview; Detailed PPT as on 01.06.2024; Short PPT; Common Asked Questions; FAQs and User Manual on new GST Registration; Services; Sectoral FAQs; Frequently Wondered Questions; Advertisements; FAQs relating to GST Migration/Registration; FAQs for Traders; FAQs on Composition Levy (Hindi) FAQs Full … WebGST on renting of the residential house-. Service of renting of residential house is exempt under GST. Serial no. 12 to notification no. 12/2024- Central Tax (Rate) dated 28 th June 2024 clearly states that NIL GST is applicable when services relate to renting of a residential house which is used for the purpose of residence.
GST on residential rent under RCM - taxguru.in
WebAug 8, 2024 · Query on Rcm on rent paid under gst - GST. Query on Rcm on rent paid under gst - GST. Site. Courses. Login ... Revenue secretary Hasmukh Adhia said that if the house … WebAug 13, 2024 · (A) GST on Rent on Residential Property. A new entry no. 5AA in RCM Notification No.13/2024 - CT(R) has been inserted vide Notification No.05/2024 - CT(R) w.e.f. 18/07/2024 to provide GST on rent on residential property under reverse charge. Q) … bixby coffee shotgun start
GST on rent of the residential and commercial property
WebFeb 13, 2024 · Meaning of Reverse Charge Mechanism. As per Section 2 (98) of the Central Goods and Services Tax Act, 2024 (‘CGST Act’). “Reverse Charge” means the liability to … WebDue to introduction of live internet banking by ICEGATE w.e.f 01.04.23, the NEFT/RTGS channel fork salary by Central Excise & Service Tax Duties will not be existing to 01.04.23 and 02.04.23. Exemption from registration has been provided to such suppliers who are making only such supplies on which recipient is likely to discharge GST from RCM. 11. WebJan 23, 2024 · This GST will be on the rent charged. The payer of rent has to deduct income tax at source at 10% if the rent for the property exceeds Rs.2.40 lakh per year from the AY … dateline the girl with red shoes