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GST On Rent: Now tenants will also have to pay 18% GST! Government gave big information

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 continuous news about GST. The government has implemented new rules of GST from July 18. If you are living on rent in any residential property, then you will have to pay 18% GST in addition to the rent. This news is going viral for the past few days. Now it is being told that apart from the rent, the tenant will also have to pay 18% GST. Let’s know the latest updates.

PIB Fact Check investigated this viral message. After this PIB called this news fake. PIB Fact Check said that the news of 18% GST on house rent is completely wrong. Not only this, the statement of the government has also come to the fore on this.

The government gave an explanation 

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?

It is worth noting that according to the information given by the government after the meeting of GST, 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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