GST Not Payable On House Rented To Proprietor For Residential Use
NDTV
The Central Board of Indirect Taxes and Customs (CBIC) also notified amendments in GST rates effective from January 1
From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC has said.
The Central Board of Indirect Taxes and Customs (CBIC) also notified amendments in GST rates effective from January 1, 2023 for certain goods and services, as per the recommendations of the GST Council in its meeting on December 17.
Ethyl alcohol supplied to refineries for blending with motor spirit (petrol) will attract 5 per cent GST from January 1, lower than the 18 per cent currently. Also, tax rate on husks of pulses has been cut to nil, from 5 per cent.
The notification further prescribes 12 per cent GST on 'Fruit pulp or fruit juice based drinks' (other than carbonated beverages).
