Asset Yogi's video: Now 18 GST on Rent of Residential Property New GST Rules Explained

New GST Rules – GST on rent of residential property has been introduced by the government, effective from 18th July 2022. In this video, we’ll talk about who has to pay GST on residential property, GST RCM, and who should register for GST in India. ------------------------------------------------------------------------------------------- *** Invest & Trade in Stocks & Mutual Funds *** Open your Discount Demat Account here: ✔ Zerodha - http://bit.ly/demat-zerodha ✔ Angel Broking - https://tinyurl.com/yzmhe8fm ✔ Upstox - http://bit.ly/upstox-trading ------------------------------------------------------------------------------------------- ***Start investing in Fixed Income Securities*** Start Covered Bonds Here: ✔Wint Wealth – http://bit.ly/wintwealth Start Invoice Discounting Here: ✔TradeCred – http://bit.ly/tradecred Start Bonds Investing Here: ✔GoldenPi - https://bit.ly/startgoldenpi ------------------------------------------------------------------------------------------- Related Videos & Playlists: Master Investor Series for Stocks: http://bit.ly/master-investor-assetyogi Mutual Funds Series: http://bit.ly/mutual-funds-assetyogi Real Estate Investing: http://bit.ly/real-estate-assetyogi ------------------------------------------------------------------------------------------- Time Stamps 00:00 – Intro 00:41 – Earlier GST Rules 02:03 – How will residential property be taxed? 02:53 – Who will be affected? 04:00 – Conclusion About the Video Under the new Goods and Services Tax – GST rules, effective from 18th July 2022, a tax of 18% is now applicable to rent on residential property. The tax will be charged as per the GST reverse charge mechanism (RCM), where the tenant will pay the liable GST. Previously, no GST was payable on residential property rent, only rent on commercial property was taxed. However, as per the latest GST notification from the government of India, tenants who are GST registered will be charged 18% GST on their rented residential property. As per the new GST rules 2022, it is not mandatory for the landlord to be GST registered, but the tenant of the residential property has to necessarily have GST registration. These rules will mostly affect companies who rent residential properties, like guest houses, for employees or for any other purpose, or small businesses operating from residences or house property. It will also affect business professionals carrying out their personal practice from rented residential property. In this video, we’ll talk about the following concepts: 1. New GST Rules from July 2022. 2. How much GST to pay on rent? 3. GST RCM or Reverse Charge Mechanism. 4. How much GST tax in India? 5. New GST rule on residential property. 6. 18 percent GST on rent. 7. Who should register for GST in India? 8. GST on renting of residential property. 9. GST on commercial property. 10. Who will be affected by new GST rules July 2022? 11. How much payable GST on rented house? 12. New GST update. 13. GST on rent of residential property. ------------------------------------------------------------------------------------------- Connect with Us INSTAGRAM - https://www.instagram.com/assetyogi TWITTER - https://twitter.com/assetyogi FACEBOOK – https://www.facebook.com/assetyogi/ LINKEDIN - https://www.linkedin.com/in/mukulm ------------------------------------------------------------------------------------------- Website https://assetyogi.com