Advance Ruling No. RAJ/AAR/2023-24/14

In re: DEEPAK JAIN

Date Issued: 29 November 2023
Source: 2024 (85) G.S.T.L. 377 (A.A.R. - GST - Raj.)
Views: 13

Summary

Renting of property for commercial use - Real estate services - Heading 9972 - Classification - Applicant is an owner of property for which he has entered into lease agreement with Back Office IT Solutions Private Limited (lessee) which is engaged in business of providing comprehensive, independent fund accounting, reporting, and analytics solutions to fund administrators providing administration services to hedge fund industry - Lessee is required to pay monthly rent of ` 99,125 - HELD : Residential dwelling means living in a certain place permanently or for a considerable length of time - Said property has been leased/rented for commercial use and thus cannot be covered under definition of residential dwelling and therefore said supply of service i.e. renting property for commercial use is covered under Heading 9972 12 and taxable at rate of 18% - Section 9 of Central Goods and Services Tax Act, 2017 - Section 9 of Rajasthan Goods and Services Tax Act, 2017. [para F]