Monday, July 2, 2018

GST is applicable on compensation received by tenant for delayed possession of new premises: AAR

GST : Amount received by tenant building premises towards alternate accommodation or delayed possession of new premises would be receipt of amounts for doing an act i.e. vacating premises for redevelopment as well as tolerating construction cum redevelopment work till possession of new redeveloped premises and further for tolerating an act of not having completed redevelopment period within time, same would be a 'supply' and therefore, GST to be levied on such amount

from www.taxmann.com Latest Case Laws https://ift.tt/2Kmj3Vn

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