Question ID :
40984
GST on Leased Immovable Property
Whether a 12A Registered Trust can give , on Lease for 29 years, it's part Immovable Property - Building to another 12A Registered Trust , for the same objects.
The property giving Trust is shaving Receipts from School , say Rs.1.5 cr on which GST is not applicable. It earns Lease Rent of Rs 2 lac per year.
Whether GST registration is required
Posted by
AJAY JAIN
on
Mar 04, 2021
Filed Under
GST
Registration would be required and gst would be liable on lease as it is other than residential renting.
Posted by
CA. SHILPI KATARIYA on
Mar 11, 2021
Answer ID :
80945
yes gst registration will be required
Posted by
CA. VENKITARAMAN K V on
Mar 11, 2021