goodsandservicestax
By Mohammed Kudrati Ever since the 47th GST Council announced changes in GST rates and addition of new services under the regime, a lot of false claims have gone viral on social media. These false claims ranged from imposition of GST on residential rent to the usage of public toilets and even cremating the dead. These latest changes in the Goods and Services Tax (GST) regime were made in June and have taken effect on July 18. The changes have faced flak, as they deal with everyday consumer goods such as pre-packaged and pre-labelled food items and on hospital bills. The false claims regarding ...
BOOM Live
By Mohammed Kudrati A viral claim on social media, stating that the government will be charging 18% Goods and Services Tax (GST) on the rent paid by residential tenants is misleading, as the GST will only be levied on those tenants who themselves are registered under the GST. This change largely applies to corporate entities, businesses or persons who are GST-registered, and are renting residential property. It will not apply to salaried individuals since they are not registered under the GST. According to the Central Board of Indirect Taxes, those businesses having a turnover exceeding ₹40 la...
BOOM Live
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