https://www.taxtmi.com/forum/issue?id=114029 Lease of a retail liquor licence produces three taxable components: monthly lease charges, the lessee-paid annual licence renewal fee, and the lessor's TCS credit benefit. All three are treated as consideration and, on the presented view, are taxable under Income Tax and GST. Monthly lease receipts are assessable as lease income and attract GST at the lessor's end. The annual licence fee paid by the lessee may be additional consideration and its GST treatment could invoke reverse charge analysis. The tax character of TCS credit to the lessor depends on income-tax and GST input credit rules. en-us Thu, 09 Aug 2018 15:21:55 +0530 Thu, 23 Jan 2025 15:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114029 Lease of a retail liquor licence produces three taxable components: monthly lease charges, the lessee-paid annual licence renewal fee, and the lessor's TCS credit benefit. All three are treated as consideration and, on the presented view, are taxable under Income Tax and GST. Monthly lease receipts are assessable as lease income and attract GST at the lessor's end. The annual licence fee paid by the lessee may be additional consideration and its GST treatment could invoke reverse charge analysis. The tax character of TCS credit to the lessor depends on income-tax and GST input credit rules. Discussion-Forum Income Tax Thu, 09 Aug 2018 15:21:55 +0530 https://www.taxtmi.com/forum/issue?id=114029