Services by way of renting of residential dwelling for use as residence.
Query (Issue) Started By: – S.C. WADHWA Dated:- 31-5-2018 Last Reply Date:- 2-6-2018 Goods and Services Tax – GST
Got 6 Replies
GST
Services by way of renting of residential dwelling for use as residence.
Please clarify:
Whether this service should be reported as exempted supply or nil rated supply in GSTR 3B
Reply By Alkesh Jani:
The Reply:
Sir, In my point of view , it shall be treated as "Nil rated supply".
Our experts may correct me if mistaken.
Thanks
Reply By CSSANJAY MALHOTRA:
The Reply:
Renting of property is taxable activity but exemption has been given if the same is used for Residential purposes. Hence the service falls under e
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(2) where exempt from payment of tax, may be treated as “exempted”.
Your kind guidance is the matter is highly solicited.
With Regards,
Reply By KASTURI SETHI:
The Reply:
Section 2(47) of CGST Act, 2017 makes the position clear as already replied by Sh.Sanjay Malhotra, Sir.
Section 11 comes into play when tariff rate is not nil.
Section 11 stands for exemption by virtue of Notification in contrast to "Tariff Rate -NIL".
Section 11(1) grants general exemption and Section 11 (2) grants exemption under exceptional nature.
Reply By KASTURI SETHI:
The Reply:
Sh.Sanjay Malhotra Ji,. Sir,. In your reply above, you have mentioned the words, "This is my view". In my view, your words, "this is my view" are redun
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