https://www.taxtmi.com/caselaws?id=382343 A transaction styled as a lease of residential units was held to be a taxable supply under GST because its substance was construction of developed units with consideration received during the construction period. The AAR rejected the claim that the arrangement was outside GST as a mere transaction in immovable property, noting that the form of the contract did not override its actual effect. It further classified the supply as a composite supply of construction services, taxable as works contract service, and declined to apply the exemption for renting of a residential dwelling. The ruling applied GST at 18%. en-us Tue, 02 Apr 2019 00:00:00 +0530 Mon, 10 Mar 2025 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382343 A transaction styled as a lease of residential units was held to be a taxable supply under GST because its substance was construction of developed units with consideration received during the construction period. The AAR rejected the claim that the arrangement was outside GST as a mere transaction in immovable property, noting that the form of the contract did not override its actual effect. It further classified the supply as a composite supply of construction services, taxable as works contract service, and declined to apply the exemption for renting of a residential dwelling. The ruling applied GST at 18%. Case-Laws GST Tue, 02 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382343