long term lease of immovable property
Query (Issue) Started By: – vasanth kumar Dated:- 28-8-2018 Last Reply Date:- 29-8-2018 Goods and Services Tax – GST
Got 7 Replies
GST
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
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nIt is applicable.
\nReply By vasanth kumar:
\nThe Reply:
\nhow to substantiate that it is applicable under gst, relevant provisions which supports under gst as well as service tax law?
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nThe time of supply of service is completion of service or date of invoice . Even though the contract was ente<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n leviable on the said services under Chapter V of the Finance Act, 1994; = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" long term lease of immovable property Query (Issue) Started By: – vasanth kumar Dated:- 28-8-2018 Last Reply Date:- 29-8-2018 Goods and Services Tax – GSTGot 7 RepliesGSTwhether 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 … Continue reading “long term lease of immovable property”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-13402","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13402"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/13402\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By Pavan Mahulkar:
\nThe Reply:
\nTypographical error
\nPlease read Section 142 instead of Section 140
\nReply By vasanth kumar:
\nThe Reply:
\nDear sir
\nin 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
\nReply By Pavan Mahulkar:
\nThe Reply:
\nThere'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
\n21. Import of services made on or after the appointed day shall be liable to tax under the pro<\/p>\n
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