GST Slab Change: Social media is awash with stories about the GST. According to these reports going viral on social media, the government changed the GST rules as of July 18. According to these regulations, you must pay an additional 18% GST on top of your rent if you rent an apartment. After reading the news that is going viral, the tenants are extremely concerned.
PIB Fact Check reveals the truth
There is no GST due for personal use.
According to PIB’s tweet, a residential unit’s rent is only taxable when it is rented to a GST-registered business for commercial purposes. It has also been made clear that no GST will be charged if someone rents it out for personal use.
What’s the law?
A person must pay GST if they rent residential property for their business, according to information provided by the government following the GST meeting. Experts claim that the GST is not due when renting a residential home or apartment for a salaried class person. Only when the registered person or entity conducts business is GST payment necessary.
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