GST exemption on renting residential buildings withdrawn
Real Estate

GST exemption on renting residential buildings withdrawn

GST exemption on renting of residential dwelling to business entities (registered persons) has been withdrawn, as per the reported recommendations by the GST Council. GST on LED lamps, lights and fixture, and their metal printed circuits board has increased from 12 per cent to 18per cent, while hotel accommodations upto Rs. 1,000 per day will be taxed at 12 per cent.

As per the clarifications, all fly ash bricks will attract same concessional rate irrespective of the fly ash content. The condition of 90 per cent fly ash content with respect to fly ash bricks will apply only to fly ash aggregate and not on the fly ash bricks. As a simplification measure, the condition of 90 per cent content is being omitted.

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GST exemption on renting of residential dwelling to business entities (registered persons) has been withdrawn, as per the reported recommendations by the GST Council. GST on LED lamps, lights and fixture, and their metal printed circuits board has increased from 12 per cent to 18per cent, while hotel accommodations upto Rs. 1,000 per day will be taxed at 12 per cent. As per the clarifications, all fly ash bricks will attract same concessional rate irrespective of the fly ash content. The condition of 90 per cent fly ash content with respect to fly ash bricks will apply only to fly ash aggregate and not on the fly ash bricks. As a simplification measure, the condition of 90 per cent content is being omitted.

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BorgWarner's Advanced eMobility Solutions at Bharat Mobility 2025

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GEPL Unveils Room & Pillar Mining Equipment

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Equipment

Brokk Inc. Named Dealer for Ecovolve Electric Dumpers

Brokk Inc., the North American distributor for Brokk demolition robots and Aquajet Hydrodemolition equipment, is now a dealer for Ecovolve electric, high-tip dumpers. With low noise and a charge that lasts eight hours, a compact Ecovolve electric dumper is a perfect partner for debris clean-up during demolition with a Brokk robot. The electric dumpers are also an ideal solution for any type of debris removal where the user is interested in fuel and maintenance savings or requires low-noise, emission-free equipment. “Like Brokk, Ecovolve products are electric and compact — perfectly suited..

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