Tax Consultancy

  Rent services are categories in two part A. Commercial Property B. Residential Property.   A.   Commercial Property: - The services provided through renting or leasing of the commercial property is covered under the entry no 16 of Notification No 11/2017 –Central Tax (Rate) dated 28 th Jun 2017. The related portion of the notification entry is as follows :-   16 Heading 9972   (i) Services by the Central Government, State Government, Union territory or local authority to governmental authority or government entity, by way of lease of land.          Nil   (ii) Supply of land or undivided share of land by way of lease or sub lease where such supply is a part of composite supply of construction of flats, etc. specified in the entry in column (3), against serial number 3, at item [(i), (ia), (ib), (ic), (id), (ie) and (if)]66. Provided that...