Bogus donation receipts justified commission income assessment and defeated political-party tax exemption for inaccurate accounts and reporting failur...
Pure reimbursement without income element escapes tax withholding, while delayed withholding and unsupported provisions face deferred or renewed scrut...
Public benefit requirement defeats charitable registration where residents' association services are reciprocal, member-only facilities governed by mu...
Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Page of 4788
Press 'Enter' after typing page number.
461 to 480 of 95752 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The Advance Ruling Authority held that the applicant, being the lessor and registered supplier of services for leasing a commercial property, is liable to remit Goods and Services Tax (GST) on the lease consideration u/s 9 read with Section 15 of the GST Act. The leasing of a commercial property to the Government of Andhra Pradesh for setting up the Institution of Lokayukta is a supply of service subject to GST at 18% (SAC code 997212). The applicant cannot rely on Notifications 4/2022 and 5/2022, which pertain to residential dwellings and are inapplicable to the leasing of commercial property. The essence of a lease involves the transfer of possession and user rights against consideration, and the lessor retains the right to possession after the lease term.
The Advance Ruling Authority held that the applicant, being the lessor and registered supplier of services for leasing a commercial property, is liable to remit Goods and Services Tax (GST) on the lease consideration u/s 9 read with Section 15 of the GST Act. The leasing of a commercial property to the Government of Andhra Pradesh for setting up the Institution of Lokayukta is a supply of service subject to GST at 18% (SAC code 997212). The applicant cannot rely on Notifications 4/2022 and 5/2022, which pertain to residential dwellings and are inapplicable to the leasing of commercial property. The essence of a lease involves the transfer of possession and user rights against consideration, and the lessor retains the right to possession after the lease term.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
