TMI BlogRenting of Immovable Property to Educational InstitutionX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear All, A classic case has arrived just wish to get insight on Taxability of renting of Immovable Property (buildings) given on rent to Educational Institution in order to set up hostel facility for their students . What are your thoughts whether the rental receipt from educational institution for building which they are using as hostel will be chargeable to tax in the hand of Owner of the b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uilding. Total Rent Charged is more than ₹ 1 Crore Approx. - Reply By KASTURI SETHI - The Reply = Sh.Kushal Mishra Ji, There is one case law on this issue in your favour but it pertains to Service Tax era . The issue is the same. This case law can help you to determine whether the service in question qualifies for the definition of 'supply' in the course of business or furthera ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce of business provided under Section 7 of CGST Act . 2015 (37) S.T.R. 551 (Tri. - Del.) = 2014 (10) TMI 772 - CESTAT NEW DELHI SINGHANIA ENTERPRISES Versus COMMISSIONER OF CENTRAL EXCISE, RAIPUR - Reply By Kushal Mishra - The Reply = Sir, My take on above matter is also on the same line, where the Building Owner has contracted with the Educational Institution and this contractual t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... erms are squarely within the term of supply of service. Now, considering the exemption on residential units and taking stand on the same, single residential complex definition defines it is to be used as a residential unit for family. Since it is not for residential unit of family the same also cannot be covered under this exemption also. - Reply By KASTURI SETHI - The Reply = Sh.Kushal Mishra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Ji, I agree with you. This activity of supplier is in the course of business. Moreover, in GST where specific exemption is not available, that supply is taxable. - Renting of Immovable Property to Educational Institution - Query Started By: - Kushal Mishra Dated:- 27-8-2020 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.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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