TMI BlogLiquor licenseX X X X Extracts X X X X X X X X Extracts X X X X ..... An Assesses has leased out the liquor license (for Retail Trade) to another Party. As per terms of the contract, the lessee shall pay fixed amount monthly and also the annual fee payable for the lice ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nse at the time of renewal. The lesser is entitled to take credit of TCS done on purchase made by lessee. There are three components Monthly lease charges TCS benefit Annual license fee paid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... by the lessee I am of the opinion all the three will have to be offered to tax both for Income tax as well as GST. Please Confirm. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view, y ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es. - Reply By Himansu Sekhar - The Reply = Monthly lease attracts gst at the actual owners end.Annual license fee paid to Govt. by the actual owners on reverse charge basis debatable There may be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Govt clarifications - Reply By Himansu Sekhar - The Reply = Other experts may give some clarifications for academic purposes. - Liquor license - Query Started By: - Ethirajan Parthasarathy Dated:- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9-8-2018 Income Tax - Got 3 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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