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Tag Archives: CIRCULAR

GST applicable on Transfer of Tenancy Right: CBIC

Transfer of tenancy rights to a new tenant against consideration in the form of tenancy premium is taxable

Central Board of Indirect Taxes and Customs ( CBIC ), today , vide Circular No.44/18/2018-CGST, dated 2nd May,2018 clarified Issue related to taxability of ‘tenancy rights’ under GST. It clarified that services provided by the outgoing tenant by way of surrendering the Tenancy Rights against consideration in the form of …

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