AAR: Denies 'resident dwelling' exemption to collective leasing of property for student accommodation
AAR holds that collective leasing of immovable property (consisting of rooms for students) is not exempt under Entry 13 of Notification No. 9/2017-Integrated Tax (Rate) as “Services by way of renting of residential dwelling for use as residence”; Notes that applicant along with 4 others have pooled their assets & let out a residential complex to a Company engaged in business of providing affordable residential accommodation to students on a long term basis along with ...