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GST - Highlights / Catch Notes

Home Highlights January 2021 Year 2021 This

Levy of tax (GST) on one time long term lease premium ...

GST

January 15, 2021

Levy of tax (GST) on one time long term lease premium payable/paid by the Jinmangal Corporation to Ahmedabad Urban Development Authority - supply or not - long term lease for a period exceeding 30 years - this activity i.e. lease of plot and payment of one time lease premium / salami and annual premium paid by the applicant for lease of commercial plot/land is a ‘supply’ and covered u/s 7(1) of CGST Act, 2017 - AAR

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