Taxability Issue under GST

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..... There is a Pvt Company which has rented out its land and school building to a trust for running a CBSE school ( Private ) .While raising an invoice monthly, whether GST should be added? - Reply By MUKUND THAKKAR - The Reply = yes.. GST applicable, please refer Schedule II (sec-7) Land and Building (a) any lease, tenancy, easement, licence to occupy land is a supply of services; (b) .....

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..... any lease or letting out of the building including a commercial, industrial or residential complex for business or commerce, either wholly or partly, is a supply of services. - Reply By KASTURI SETHI - The Reply = I support the views of Sh.Mukund Thakkar, Sir. I would like to further add that exemption to Trust is available only if Trust conforms to the conditions laid down under Notif .....

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..... ication No. 12/2017-Central Tax (Rate), dated 28-6-2017 as amended. Entry No. 1 of this notification specifies that services by an entity registered under Section 12AA of Income-tax Act, 1961 by way of charitable activities are exempt from whole of GST. - Reply By Madhavan iyengar - The Reply = sirs as already replied by Thakkar sir and Kasturi sir who have correctly laid down the .....

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..... principles and conditions i would also like to add that merely satisfying the condition of 12AA ie Income tax certification wont suffice the charitable activities conditions have to be satisfied in terms of charitable activity defined under GST law which is quiet restrictive if we see the definition hence one needs to check the charitable activity falling under gst law and then only go for ex .....

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..... emption. - Reply By Dlip Choudhary - The Reply = Thanks everyone for their time efforts - Taxability Issue under GST - Query Started By: - Dlip Choudhary Dated:- 27-7-2019 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com .....

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..... - TMI - TaxTMI - TMITax .....

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