GST on Lease: Who Must Pay 18% GST? Govt Clears Doubts on New Rule

Amid studies relating to 18 per cent GST on home hire for tenants, the federal government on Friday clarified that the renting of residential unit is taxable solely when it’s rented to a enterprise entity, and stated no items and companies tax can be levied when it’s rented to a personal particular person for private use. … Read more

The nation’s worst lease management legislation will get a couple of moderating fixes

The nation’s harshest lease management legislation has develop into much less so after town council of St. Paul, Minnesota, permitted a slew of moderating reforms to a voter-passed ordinance that had initially capped lease will increase at 3 p.c—no ifs, ands, or buts. The severity of St. Paul’s lease cap noticed new constructing allow functions … Read more