Services by way of renting of residential dwelling for use as residence.

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..... 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 .....

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..... 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 exempted supply. Nil rated are those which are ab .....

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..... solutely and unconditionally chargeable to nil rate, mostly in case of goods. exempt includes chargeable to anil rate also. This is my view. Reply By YAGAY and SUN: The Reply: Point No 12 of the Notification No. 12/2017- Central Tax (Rate) Heading 9963 or Heading 9972 Services by way of renting of residential dwelling for use as residence. Nil, Nil. Reply By Alkesh Jani: The Reply: Sir, .....

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..... Sh. Sanjay ji, Thanks for your valuable suggestion. However, I was and I am, is under impression that if Notification issued under Section11 (1) of CGST Act, 2017, where whole or any part of tax leviable may be treated as "Nil" as per Notification rates and while Notification issued under Section11(2) where exempt from payment of tax, may be treated as "exempted". Your kind guidance is the matte .....

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..... r 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) g .....

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..... rants 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 redundant.
Discussion Forum - Knowledge Sharing .....

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