and if the person is in the business of renting residential and commercial properties than what

[AIJAZ KAZI]

and if the person is in the business of renting residential and commercial properties than what

Is income from rent on residential income exempted under gst though the business is of renting of properties residential and commercial

AI Summary

Residential rent under GST exemption where the business also rents commercial property remains the core tax question. Whether rent from residential property is exempt under GST when the taxpayer is engaged in renting both residential and commercial properties. The issue concerns the tax treatment of rental income under the GST framework and the distinction between residential and commercial letting for taxability purposes. Clarification is sought on whether exemption applies to residential rent notwithstanding the broader business activity of property rental.