https://www.taxtmi.com/article/detailed?id=13545 GST on rental income hinges on property type and end-use: commercial rentals are taxable and generally taxed at the applicable rate with the landlord liable unless RCM applies; residential rentals for residential use are exempt. Registration follows aggregate turnover thresholds. The availability of input tax credit for inward supplies used in construction of property intended for taxable commercial rent is contested following judicial developments and a proposed amendment to Section 17(5)(d), which seeks to limit ITC and may affect the foundational principle of ''for use in the furtherance of business.'" en-us Thu, 13 Feb 2025 10:17:37 +0530 Thu, 13 Feb 2025 10:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13545 GST on rental income hinges on property type and end-use: commercial rentals are taxable and generally taxed at the applicable rate with the landlord liable unless RCM applies; residential rentals for residential use are exempt. Registration follows aggregate turnover thresholds. The availability of input tax credit for inward supplies used in construction of property intended for taxable commercial rent is contested following judicial developments and a proposed amendment to Section 17(5)(d), which seeks to limit ITC and may affect the foundational principle of ''for use in the furtherance of business.'" Articles Goods and Services Tax - GST Thu, 13 Feb 2025 10:17:37 +0530 https://www.taxtmi.com/article/detailed?id=13545