Nil-rated exemption for residential renting clarified to cover proprietor's personal-account residence rentals, excluding proprietorship-account lettings. The notification inserts an explanation to S. No. 12 limiting the nil-rated exemption for renting of residential dwelling to cases where a registered person who is a proprietor rents the dwelling in his personal capacity for use as his own residence and where such renting is on his own account and not that of the proprietorship concern, and omits S. No. 23A and related entries; the amendment is effective from the first day of January.
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Provisions expressly mentioned in the judgment/order text.
Nil-rated exemption for residential renting clarified to cover proprietor's personal-account residence rentals, excluding proprietorship-account lettings.
The notification inserts an explanation to S. No. 12 limiting the nil-rated exemption for renting of residential dwelling to cases where a registered person who is a proprietor rents the dwelling in his personal capacity for use as his own residence and where such renting is on his own account and not that of the proprietorship concern, and omits S. No. 23A and related entries; the amendment is effective from the first day of January.
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