Business Standard

Renting apartments gets costlier for companies with new GST rates in effect

The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST)

home loans, house, flats, apartments, credit, residential
Premium

BS Web Team New Delhi
As the revised rates of GST after the 47th GST Council Meet came into effect earlier this week, apartments for senior executives rented by companies will now cost more. The rent of apartments for top executives will attract an 18 per cent Goods and Services Tax (GST). 
 
While commercial properties such as offices or retail space on lease earlier attracted GST, the lease

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 20 2022 | 3:16 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com