Company's Service Classified as “Rental of Non-Residential Property” Under SAC 9972, Subject to 18% GST Rate.
Case-Laws
GST
Levy of GST – Difference between ‘storage or warehousing’ service and ‘renting of storage premises’ service – The service provided by M/s. Rishi Shipping is classifiable as ‘Rental or leasing services involving own or leased non-residential property’ (Service Accounting Code – 9972) leviable to Goods and Services Tax @ 18%.
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