Proportionate refund from cancelled pre-GST lease agreement not taxable under GST as no supply involved

Proportionate refund from cancelled pre-GST lease agreement not taxable under GST as no supply involvedCase-LawsGSTAAR held that proportionate refund received by the applicant upon cancellation of a pre-GST lease agreement is not taxable under GST. While

Proportionate refund from cancelled pre-GST lease agreement not taxable under GST as no supply involved
Case-Laws
GST
AAR held that proportionate refund received by the applicant upon cancellation of a pre-GST lease agreement is not taxable under GST. While property leasing constitutes supply of service, lease cancellation itself does not constitute taxable activity under CGST Act. Relying on CBIC Circular No. 178/10/2022-GST regarding coal block cancellation compensation, AAR determine

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