New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Renting of immovable property

    is
    A Supply of goods Correct Answer Incorrect Answer
    B Supply of services Correct Answer Incorrect Answer
    C Supply of both goods and services Correct Answer Incorrect Answer
    D Neither goods nor services Correct Answer Incorrect Answer

    Solution

    Renting of immovable property is considered a supply of services under the Goods and Services Tax. This means that GST is applicable to the rent received by the property owner. The GST rate on renting of immovable property depends on the type of property and the purpose for which it is being rented.

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