Income from property rented out: GST AAR makes an important ruling

In an advance ruling under  GST , the Maharashtra  AAR  has ruled that the amount received under lease rental services for residential purposes will be outside the ambit of GST.  The ruling was made after M/S  Kasturi and Sons  Ltd approached the AAR that the Jurisdictional officer had ruled that giving properties on rent to  LIC would not be residential in natur…