Goods and Services Tax – Started By: – vasanth kumar – Dated:- 28-8-2018 Last Replied Date:- 29-8-2018 – whether gst is applicable on long term lease of immovable property where contract for lease was entered pre-gst amount received under pre-gst and term of lease continued under gst also – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = It is applicable. – Reply By vasanth kumar – The Reply = how to substantiate that it is applicable under gst, relevant provisions which supports under gst as well as service tax law? – Reply By Ganeshan Kalyani – The Reply = The time of supply of service is completion of service or date of invoice . Even though the contract was entered pre GST the completion of service for each period is in GST regime. He
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eply By Pavan Mahulkar – The Reply = Typographical error Please read Section 142 instead of Section 140 – Reply By vasanth kumar – The Reply = Dear sirin this situation how do we bifurcate as to how much value liable under service tax law and how much value attract gst as under long term lease lump sum payment was made under service tax law nothing was receivable under gst law – Reply By Pavan Mahulkar – The Reply = There's specific provision regarding Import under section 21 of IGST Act which could be helpful for understanding the provisions under section 142 of CGST Act 21. Import of services made on or after the appointed day shall be liable to tax under the provisions of this Act regardless of whether the transactions for such impor
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