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TaxTMI 
Exemption to a religious trust under GST
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....xemption to a religious trust under GST<br> Query (Issue) Started By: - Mangala G Dated:- 22-7-2020 Last Reply Date:- 22-7-2020 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Our client is a religious trust registered under Section 12 AA of the Income Tax Act. It owns several residential flats. Can a residential flat be rented out for commercial purpose (To professionals-CA/Doctors/Lawye....
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....rs)? If yes, can exemption be claimed under Sl.No 13 of Notification 12/2017 Central Tax (Rate)? If yes, Is exemption available under b(ii) or b(iii) of the said Sl.No? Thanks Reply By KASTURI SETHI: The Reply: If residential flat is used /rented out for commercial purpose as mentioned by you exemption is not available except threshold exemption limit. Reply By KASTURI SETHI: The Reply: Resid....
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....ential flat can be rented out to doctors, lawyers, CAs etc. but not eligible for exemption available under serial no.b(ii) and b(iii) at serial no.13 of Notification No.12/17-CT(Rate) as amended. Reply By Ganeshan Kalyani: The Reply: Sir, proviso to clause (b) is mentioned as "Provided that nothing contained in entry (b) of this exemption shall apply to" It means the clause which you a....
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....re referring is excluded from exemption. Means it is taxable. Also, clause (b) starts as "renting of precincts of a religious place meant for general public, owned or managed by an entity registered as a charitable or religious trust under section 12AA of the Income-tax Act, 1961....". In this provision renting of residential flat is not covered. So, exemption is not available.<br> Disc....
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