We have lease hold property.. We are transferring the possession & tilltle to the assignee for the prize of 75L Will the buyer has to pay gst ?
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Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) applies when transferring a leasehold property. The consensus is that the transfer of land, including leasehold property, is covered under Schedule III of the GST Act, meaning no GST is typically attracted. A notification confirming this is mentioned as available for sharing.