WebJul 3, 2024 · It is undisputed that the capital assets transferred by the assessee are lease hold right in the land (acquired in 1991) and building on the land constructed … WebJan 5, 2024 · GST on leasing of land As per Para No.2( a ) of Schedule II of CGST Act,2024 any lease , tenancy, easement, license to occupy land is a supply of …
FAQs MIDC - Maharashtra Industrial Development Corporation
WebJan 11, 2024 · GST Implication on leasing or selling of land: For charging GST on any transaction first of all we should know whether such transaction is fall under the definition of supply and also no specific exclusion is given in the act then we would require to pay tax on such transactions. WebAug 21, 2024 · The Tamil Nadu Authority of Advance Ruling (AAR) ruled that 18% GST payable on transfer of leasehold rights. The applicant, India Pistons Limited has stated … the barefoot contessa full movie
[Opinion] GST Implications on Gift of Flats – Prior to Completion ...
WebApr 11, 2024 · By a registered Deed of Transfer dated 8th July, 2002, the trustees of the said Trust transferred the leasehold right in the said property to Dr. Fali S. Mehta and Dr Keiki R. Mehta being the only beneficiaries in their respective individual capacity whereby the said Dr. Fali S Mehta received 30% undivided share and the said Dr. Keiki R. Mehta ... WebNov 16, 2024 · Under section 7 (1) of CGST Act the term supply means: All forms of supply of services and goods or both such as transfer, sale, exchange, barter, license, lease, rental or disposal agreed or made to be made for a consideration by a person in the furtherance or course of business; WebOct 5, 2024 · The West Bengal Authority of Advance Ruling (AAR) ruled that assignment of leasehold right on land is taxable at the rate of 18% under GST. The NCLT passed an … the barefoot contessa plot