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gst on long term leasing of building
whether gst is applicable on long term leasing of immovable property if agreement executed in pre gst amount received in pre gst but part of the contract continued under gst
Replies (3)
yes, leasing of immovable property is supply of services under schedule II.
in agreement always there is clause i.e basic amount + tax extra as may be applicable so Gst is to be levied.
in agreement always there is clause i.e basic amount + tax extra as may be applicable so Gst is to be levied.
dear sir
as lumpsum amount was received under serivce tax law nothing is receivable under gst period, how to bifurcate the value of service under service tax law and gst law, relevant provisoins to substantite the mechanism of allocating turnovers or else stand can be taken as service tax was leviable on receipt of payment and agreement got exeucted under pre-gst therefore not liable under gst law
The payment on which Services tax was paid & reced in GST period , No GST is applicable & the payment on which no service tax was paid, reced in GST regime , the GST is applicable
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