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of <h1>Transfer of Tenancy Rights Under GST: Subject to Tax as Service, Residential Rentals Exempt.</h1> The circular addresses the taxability of tenancy rights under the GST framework. It clarifies that the transfer of tenancy rights, often seen in the 'pagadi system,' is considered a supply of services subject to GST, regardless of stamp duty or registration charges. This includes transfers where a portion of the consideration goes to the outgoing tenant. However, renting a residential dwelling for residential use is exempt from GST. The circular emphasizes that the transfer of tenancy rights is not considered a sale of land or building and thus attracts GST. Any implementation issues should be reported to the Board.
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