GST on leasehold transfer: entitlement clarified; refund application to be processed and paid within two weeks.

GST on leasehold transfer: entitlement clarified; refund application to be processed and paid within two weeks.Case-LawsGSTThe text addresses entitlement to refund of GST paid on assignment/transfer of leasehold rights, noting precedent that such assignme

GST on leasehold transfer: entitlement clarified; refund application to be processed and paid within two weeks.
Case-Laws
GST
The text addresses entitlement to refund of GST paid on assignment/transfer of leasehold rights, noting precedent that such assignment constitutes transfer of immovable property and does not attract GST as supply under the GST Act; consequence: tax paid on that leasehold transfer is capable of refund. It records issuance of a Deficiency Memo in Form RFD-03 citing

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =