Tenancy rights
This query is : Resolved
07 May 2018
Dear all,
We have sold Tenancy Rights at Rs. 60Lakh .Buyer has paid Stamp duty ,Registartion Fees too. My question is that is GST will be applicable on sale of Tenancy Rights ? if Yes then at what rate ? & TDS will also will applicable @ 1% as per Section 194IA.
We have sold Tenancy Rights at Rs. 60Lakh .Buyer has paid Stamp duty ,Registartion Fees too. My question is that is GST will be applicable on sale of Tenancy Rights ? if Yes then at what rate ? & TDS will also will applicable @ 1% as per Section 194IA.
07 May 2018
GST applicable. Please see Circular No. 44/18/2018 dated 2-5-2018
07 May 2018
I have that Circular ,Rate will be 18% na with SAC Code : 997212 if m not wrong & what about TDS.
07 May 2018
Seems 194IA will not attract since immovable property as such is not transferred but transfer is right in immovable property only which is not seen in explanation (b) of
the section
the section
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