GST ON INTEREST PAYABLE TO NOIDA AUTHORITY

Pankaj Arora (Learner) (3134 Points)

20 May 2018  
Hi..

ABC LTD ACQUIRED LAND ON 90 YEARS LEASE FROM GREATER NOIDA AUTHORITY, WE HAVE TO PAY TOTAL 8CR INCLUDING INTEREST OF 2 CR.

GREATER NOIDA AUTHORITY IS REGISTERED AS LOCAL AUTHORITY UNDER GST, MY QUERY IS WHETHER AUTHORITY WILL CHARGE US GST ON INTEREST COMPONENT.