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Renting of residential dwelling - withdrawal of exemption - a fiasco?


residential property for use as residence

exmption entry was for renting service of residential property being used as residence and is made taxable under rcm with effect from 18 july if by provided to gst registerd person.
in other words even if use is residential the liability is there merely because the receiver is gst registered, the catcheble person
even after the amendment there is no change in the purpose of use. then why it is written in article that if used for commercial purpose then such such scenario. its leading to absured interpretation.
to my mind its intention to take tax and give credit also since receiver normally being the companies or coporates using it in the course and furthurance of business only. so far as the case of individual is concerned he will also get the credit if he can prove that he runs the business from there or its necessary for him to stay there to run the business or to grow the same

Navin Khandelwal 16/08/2022

 

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