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Tag: immovable property

AARGST Article

Recipient not eligible for ITC of GST paid on transfer of rights of leasehold land

byCA Bimal Jain12/10/202312/10/2023

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.

GST ArticlePre-GST

No service tax is to be levied on renting immovable property when sharing profits

byCA Bimal Jain26/07/202326/07/2023

The CESTAT, Chennai in M/S. Hotel Shreelekha Regency Limited [Service Tax Appeal No. 40073 of 2014 dated July 14, 2023]…

GST in Media

Supreme Court ends large tax evasion in land, property deals

byAdmin03/12/202203/12/2022

The Supreme Court has put an end to a rampant tax dodge, going on for decades, where land parcels, properties,…

Goods and Services Tax GSTGST Article

Why GST On Renting Of Immovable Property – Issue Pending Before Larger Bench Of Supreme Court

bySVS Raghavendra Rao30/12/202126/06/2022

By, S.V.S. RAGHAVENDRA RAO, Advocate & Tax Consultant Every Commercial property owner in India are in quagmire due to contradictory…

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