Revenue Secretary Hasmukh Adhia reportedly said that if the house property is rent out for shop or office purpose, no Goods and Service Tax (GST) will be levied up to Rs 20 lakh. “Rental income received from a residential house is exempt. But if you have given your unit to commercial enterprise, then it is taxable if you are getting more than Rs 20 lakh as rent”, Adhia said at the GST Master Class.
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