Taxability Issue under GST

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Taxability Issue under GST
Query (Issue) Started By: - Dlip Choudhary Dated:- 27-7-2019 Last Reply Date:- 30-7-2019 Goods and Services Tax - GST
Got 4 Replies
GST
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: .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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) 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .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 Notification 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... GST. Reply By Madhavan iyengar: The Reply: sirs as already replied by Thakkar sir and Kasturi sir who have correctly laid down the 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 r .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... estrictive if we see the definition hence one needs to check the charitable activity falling under gst law and then only go for exemption. Reply By Dlip Choudhary: The Reply: Thanks everyone for their time & efforts
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X