Wednesday, January 1, 2020

GST applicable on Free Transfer of Assets to Landlord on Vacation of Leased Premises: AAR [Read Order]

The Authority of Advance Rulings (AAR) in Karnataka ruled that free transfer of assets to the landlord on vacation of leased premises shall amount to supply within the meaning of “supply” within section 7 of the Central Goods and Services Tax Act, 2017 and is chargeable to tax under the GST Acts. The ruling was […]

The post GST applicable on Free Transfer of Assets to Landlord on Vacation of Leased Premises: AAR [Read Order] appeared first on Taxscan | Simplifying Tax Laws.



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