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Land Given on Lease for 99 Years for Residential Development by Statutory Body is Leviable to GST Under RCM: RJ AAR

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IN RE :RAJ-AAR-05-20-21 Dated 30.06.2020

Where applicant receives a parcel of land on lease for a period of 99 years for residential development from RLDA, a statutory body, it can be regarded as availing rental or leasing services classifiable under Heading No.9972 and, thus, applicant is liable to pay GST under Reverse Charge Mechanism.

 

 

 

 

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