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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

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BS Web Team New Delhi

3 min read Last Updated : Jul 20 2022 | 3:16 PM IST

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

Topics : Goods and Services Tax GST Rental house Companies housing sector GST tax GST on houses Taxation branded apartments

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