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GST ON SURRENDER OF LEASE
WE ARE A DOMESTIC COMPANY AND WE TOOK A LAND FOR LEASE FROM A SECULAR TRUST FOR 30 YEARS AND THIS YEAR WE HAVE SURRENDER OF LEASE AND BUILDING TO THE LANDLORD AND WE GOT COMPENSATION OF Rs.30/ LAKHS FOR THE SURRENDER OF LEASE.OUR QUERY IS FOR THE SAID AMOUNT GST IS PAYABLE OR NOT.KINDLY CLARIFY.
Replies (1)
Not applicable, being long lease of land & building.
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