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The AAR, Gujarat ruled that the transferee acquiring the rights of the lease for construction of the immovable property is not entitled to take ITC of the GST paid by them on the services received by the Transferor by way of the lease as per Section 17(5)(d) of the CGST Act.
The CESTAT, Chennai in M/S. Hotel Shreelekha Regency Limited [Service Tax Appeal No. 40073 of 2014 dated July 14, 2023] set aside the order demanding service tax on rental property and held that, income received from rent by assessee is…
The Supreme Court has put an end to a rampant tax dodge, going on for decades, where land parcels, properties, and redevelopment rights worth crores changed hands through partnership firms. Spurred by the apex court’s stand, the Income tax (I-T)…
By, S.V.S. RAGHAVENDRA RAO, Advocate & Tax Consultant Every Commercial property owner in India are in quagmire due to contradictory provisions on levy of GST on renting of commercial Property and Landed property. So it is important to examine, the…