GST ON LEASE DEED

[KARAN VERMA]

Sir, whether gst applicable on lease deed charges recovered from tenant.

[Ganeshan Kalyani]

Sir, in my view it is taxable.

[KASTURI SETHI]

Yes. Covered under Section 15(2) of CGST Act.

AI Summary

GST applicability on lease deed charges confirmed taxable under valuation rules of Section 15(2) of CGST Act. Lease deed charges recovered from a tenant constitute consideration for a supply and are taxable under GST; the applicable valuation principle is the valuation rules reflected in Section 15(2) of the CGST framework, requiring inclusion of such payments in the taxable value.