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Taxability of pagadi system
How is the tax collection done in case of levy of GST in pagadi system transaction ?
Replies (4)
Refer circular no 44/18/2018 CGST dated 02.05.2018
The consideration received for the transfer of tenancy right (paggdi) is taxable under GST.
Note : Shall be commercial property only
Note : Shall be commercial property only
So the person who sells this place will collect from him (GST) on the consideration received to vacate the place..and deposit to government...The original landlord has nothing to do in this transaction..Is this the thing?
Yes correct 👍
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